Hooking up with a former virgin who just broke up with their first lover.
Guy1: Yo I heard you were trying to hook up with Whitney. It's not happening, she's been with Jack since middle school!

Guy2: Na man she finally broke up with him, I just got her Off-Lease.

Guy1: Wow, you know you will either end up as her rebound guy or marry her right?
by nypaliguy September 17, 2009
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Referring to something that someone does that causes them to be removed from there semi-permanent position.
Sally: “He went into my DVR and deleted my saved Alias Episodes!”

Larry: “He's so off the lease”

Sally: “you know it... were done!”
by SpinJared June 23, 2005
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