Let $G$ be an algebraic group and let $T\subset G$ be a torus. Let $\lambda:T\to \Bbb C^\times$ be a character. Let $V$ be a $G$-module, and $V'$ be a nonzero $\lambda$-weight space of $G$ (pick the $\lambda$ at the start so it is a weight).
What does it mean to say "consider the $-\lambda$ weight space"? Isn't the character group $X(T)$ a multiplicative group. Then what is $-\lambda$?
Technically you're right, and it would be justified to talk about $\lambda^{-1}$ instead of $\lambda$. In practice we prefer to use additive notation in $X(T)$ because we really want to use weight diagrams of representations. If you haven't seen them yet, you soon will!
Anyway, if $T$ is some group of diagonal matrices and $$ \lambda:diag(x_1,x_2,\ldots,x_n)\mapsto x_1^{m_1}x_2^{m_2}\cdots x_n^{m_n} $$ is a weight, then we really want to equate the vector of exponents $(m_1,m_2,\ldots,m_n)$ with $\lambda$. In this spirit $-\lambda$ gets equated with the vector of exponents $(-m_1,-m_2,\ldots,-m_n)$.
Further points: