Leased or leased is the past tense ( yesterday, or some time ago ) of "lease", meaning to rent or let--
He doesn't want to buy a new car, so he leased one instead.
We leased the cabin to some people from the city.
Least or least ( rhymes with leased ) means the smallest in number, amount or quantity out of a given number or set--
This puppy barks the least, but he whines the most.
The least you could do is pick up after yourself!
Now that you know that, you can say--
"If you leased the property, you could still vacation there at least once a year."
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