- (transitive) To arrange a lease for in advance.
2007 January 31, Elsa Brenner, “From Arms to Art”, in New York Times:
- “When we tried to prelease the old warehouse, it was almost impossible to convince anyone that this rather nondescript building could be turned into a regional arts center,” said Roger E. Noyes, a Noisette director of development for this project.
prelease (plural preleases)
- A lease arranged in advance.