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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]
The Collaborative International Dictionary of English v.0.48:

Leasing \Leas"ing\, n. [AS. le['a]sung, fr. le['a]s loose, false, deceitful. See -less, Loose, a.] The act of lying; falsehood; a lie or lies. [Archaic] --Spenser. [1913 Webster] Thou shalt destroy them that speak leasing. --Ps. v. 6. [1913 Webster] Blessed be the lips that such a leasing told. --Fairfax. [1913 Webster] Leasing making (Scots Law), the uttering of lies or libels upon the personal character of the sovereign, his court, or his family. --Bp. Burnet. [1913 Webster]
Easton's 1897 Bible Dictionary:

Leasing (Ps. 4:2; 5:6) an Old English word meaning lies, or lying, as the Hebrew word _kazabh_ is generally rendered.