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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.


To rent out.

References in periodicals archive ?
After the news broke this week of his new romance with game show hostess Emma Noble, James let drop a string of potentially hurtful words about his former girlfriend, Elaine Jordache.
Lift up and let drop all around the base of the post, pointing down at an angle until the dirt hardens then more pieces of rock, a little more dirt, a lot more tamp.
Just think of all the crumbs you've let drop between the keys as you have you lunch at your desk.
A guest at the Britannia Good Housekeeping Show 2010 on Friday, Mandira let drop that she was the subject of unwanted attention from a cricketer at last year's tournament.
He shoved open the screen door and stumbled in out of the sultry June midnight, She let drop her Star Romances to the floor and started to rise from the stained, purplish settee.