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prelease

American  
[pree-lees] / priˈlis /

verb (used with object)

preleased, preleasing

  1. to sign or grant a lease on (a building, apartment, etc.) in advance of construction.

    Agents have preleased more than 60 percent of the new building.

noun

  1. a lease on a building, apartment, etc., that is offered or signed before construction has begun.

Etymology

Origin of prelease

pre- + lease 1

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023

Idioms from The American Heritage® Idioms Dictionary copyright © 2002, 2001, 1995 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company.