let

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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 classic literature ?
Take my rede, sir, and let it drop, for you have come very well out from it.
We watched it, and one of those who were with me went and stood under the reed to see whether they would let it drop, or what they would do, but as he did so the reed was raised and moved from side to side, as if they meant to say "no" by a shake of the head.
I shall never let it drop until the gems are found--never, Mary