Definition: A lease refers to a legal agreement between a lessor (property owner) and a lessee (tenant) that grants the lessee the right to use a property, vehicle, or equipment for a specified period in exchange for rent or regular payments.
Explanation: In the context of the text, "lease" is mentioned in relation to rental properties. The word conveys the idea of a contractual agreement between a landlord (lessor) and a tenant (lessee) for the temporary use and occupation of a property. This interpretation is supported by the fact that the text discusses rental applications, leases for apartments, and background checks — all of which are commonly associated with renting or leasing properties.
What is the meaning of the word lease as it is used in the text? Write your best definition here, along with a brief explanation of how you arrived at its meaning.
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