The Collaborative International Dictionary of English v.0.48:

Lease \Lease\ (l[=e]s), v. t. [imp. & p. p. Leased; p. pr. &
   vb. n. Leasing.] [F. laisser, OF. laissier, lessier, to
   leave, transmit, L. laxare to loose, slacken, from laxus
   loose, wide. See Lax, and cf. Lesser.]
   1. To grant to another by lease the possession of, as of
      lands, tenements, and hereditaments; to let; to demise;
      as, a landowner leases a farm to a tenant; -- sometimes
      with out.
      [1913 Webster]

            There were some [houses] that were leased out for
            three lives.                          --Addison.
      [1913 Webster]

   2. To hold under a lease; to take lease of; as, a tenant
      leases his land from the owner.
      [1913 Webster]

WordNet (r) 3.0 (2006):

leased
    adj 1: hired for the exclusive temporary use of a group of
           travelers; "a chartered plane"; "the chartered buses
           arrived on time" [syn: chartered, hired, leased]
           [ant: unchartered]