"on lease" is a correct and usable phrase in written English.
It is used to describe a rental agreement for a specific period of time. For example, "He will be living in the house on a lease for the next six months."
Tata Motors, part of Tata Group, the largest conglomerate in India, took on lease 997 acres of land near Kolkata in 2007 with the support of the state's communist government, which wanted the Nano, billed as the world's cheapest car, to be produced in the West Bengal.
At the time, one plane was on lease to the national airline of Portugal ( TAP), flying scheduled operations on the archipelago of Madeira.
So they are here in a soulless house with lorries thundering past, one of thousands of houses and flats on lease to the council from private landlords charging massive rents, picked up by housing benefit, and usually of poor quality.
Leased Equipment These expenses relate to a computer that is on lease.
About 10 Clarity vehicles are on lease in Japan, with another 10 in Europe.
Mara said, "We will be dealing with them on lease issues".
Between them, they have already written off more than €1.5 billion on lease returns, with more to come.
Rent increases are noted on lease renewal documents, which are sent to you each year in the early spring.
I always feel that getting software on lease before you purchase, so that you can have a feel of it.
The article also said the council had "thousands of houses and flats on lease [for the homeless] from private landlords".
The growth coincided with decisions by banks and automakers' financing companies to put the brakes on lease programs.
