lease (n.) Look up lease at Dictionary.com
1483, from Anglo-Fr. les (1292), from lesser "to let, let go," from O.Fr. laissier "to let, leave," from L. laxare "loosen, open, make wide," from laxus "loose" (see lax). The verb is attested from 1570. Lessor, lessee in contract language preserves the Anglo-Fr. form.