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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 ?
The trick is to let campers respond in a way that their parents can receive their letters as quickly as the camper e-mail reached them.
Generative Nonlinear lets Catia users simulate large deformations and the complex effects of material plasticity (again, crash testing).
It also lets users synchronize contacts stored in applications such as Microsoft Outlook with their CDP phone.
SUPPORT FOR DOCUMENTS WITH WIDE MARGINS -- lets you specify the width of the Web page.
In addition, an optional application, SurfSaver Internet Publisher, lets you publish your SurfSaver folders on an Intranet or Internet Web Server without any HTML coding or programming, using Microsoft IIS.
Jonathan Croall, author of LETS Act Locally, a guide to setting up your own scheme, says: "LETS are great for local economies because the money stays in the area.
Hayden Hamilton explains that Team lets the CAD geometry itself--such as the model's faces--take the place of the meshing that breaks problems into discrete portions for finite-element and boundary-element analyses.
Use your body to let the person know you are there.
We started research from the beginning, and now we're thrilled to have evidence that LETS works," says Fontilea.
Time: Several hours, or overnight, to let painted lid dry.