re-lease

[ree-lees]

verb (used with object)

re-leased, re-leasing 

1. to lease again.

2. Law.,  to make over (land, property, etc.), as to another.

noun

1. a contract for re-leasing land or property.

2. the land or property re-leased.

Word History and Origins

Origin of re-lease¹

First recorded in 1820–30; re- + lease ¹

Example Sentences

It’s easy enough to find a new tenant for a simple warehouse but much harder to re-lease a facility purpose-built to Amazon’s exacting specifications.

Read more on Seattle Times

“The debt feature is lease payments you get from the underlying properties, and the equity feature is the right to re-lease or sell those properties.”

Read more on New York Times

Most companies said they expect declines to moderate later in the year as they re-lease space left behind by failed stores, but owners of lower-end properties will be more challenged, according to Busch.

Read more on Seattle Times

“Banks take assets. Once the lease return takes place, they either sell it or they re-lease it. And in this case they have a five-year old asset and they have chosen to sell them.”

Read more on Reuters

The idea was a gradual renovation, allowing tenants to re-lease a few at a time as vacant units were refurbished, Gray said.

Read more on Los Angeles Times