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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 ?
To judge by comments he lets drop, Hodgson is among those who still think the causes of inflation are to be found among such things as crop failures.
He lets drop that the BBC haven't yet renewed his contract: "I dare say something will get sorted out.
Writer Vince Gilligan lets drop, via Angus, a reference to the "Lamb to the Slaughter" episode of "Alfred Hitchcock Presents" TV anthology.