The act of taking a female out and paying for any activities undertaken, such as eating a meal out or going to the movies. In turn you are leasing the pussy in hope of in future gaining sexual favours from her. A form of short term prostitution.
Hey man, I heard your dating that girl?
No way! I'm just Leasing the pussy, she's gonna be on my dick soon!
Whatever dude, I think this one is gonna be a long term lease.
I bloody hope not, I don't want this one to drag out, just leasing the pussy.