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Lease

An agreement between two parties whereby one party allows the other to use his/her property for a certain period of time in exchange for a periodic fee. The property covered in a lease is usually real estate or equipment such as an automobile or machinery. There are two main kinds of leases. A capital lease is long-term and ownership of the asset transfers to the lessee at the end of the lease. An operating lease, on the other hand, is short-term and the lessor retains all rights of ownership at all times.

let

To rent out.

References in periodicals archive ?
Having served as a distributor of one of the nation's most successful travel fulfillment organizations, Lets Go Software has the expertise needed to discuss the most pertinent travel related topics in a reader-friendly fashion.
For example, if you were to find a better deal on a different site, you could simply report it to the customer service staff, and they would instantly match or beat the price, and then provide a 10% refund of the difference between the new price and the originally quoted Lets Go Software deal.
He is hoping to qualify for this year's Horse of the Year Show with the duo - Lets Go Rocky will be contesting the Junior Foxhunter second round qualifiers soon - and is sure to trouble his European counterparts in France.