Simple past tense and past participle of lease.(verb)
Transferred under the terms of a lease.(adjective)
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Use "leased" in a sentence
"The regional network is built in part by the cable company, and in some areas will require the use of lines leased from the phone company."
"The Pagoda, like hundreds of other buildings in Hawaii, sits on land leased from a trust established more than a century ago by a descendant of the ruler who united the major Hawaiian islands."
"Time to make use of this area, and turn it into something more interesting, local, and lucrative (in terms of space leased from the city) than a Detroit-style arcade wasteland."