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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 ?
In 2014 GFW Letting acquired Davis Keep Ltd, a residential lettings business based in Newcastle, and opened its second office in Gosforth.
All of Mead's current properties will be merged with Peter Alan's existing rental properties in the Canton area to create one lettings branch which will trade under the Peter Alan name.
To find out more about the local lettings market and the lettings services contact Angela at Shipways in Harborne on 0121 426 6302.
The scheme is open to any firm operating in the lettings sector meeting NALS' strict criteria.
Landlords will appreciate the increase of enquiries generated from advertising on one of the highest ranking letting sites on the Internet.
When it was approved at General Synod in 2004 and as recently as its Autumn 2006 newsletter, Letting Down the Nets was described as self-funding, supported by funding from dioceses and other organizations.
Think of what you're having a hard time letting go of.
By letting you try it, the company's overcoming any insecurities the buyer might have about the product.
There is a section on the most frequently asked questions about the law and about letting and renting in general and the model tenancy agreement.
Thus scientific management can restore a more natural condition and create higher biotic diversity on the burned areas than letting nature take its course" while also reducing the size and destructiveness of future fires.
Service providers can get the highly detailed network visibility that ensures they are meeting user service-level agreements (SLAs), while letting them predict traffic trends and plan for unanticipated "organic" traffic growth.
It's our bespoke computer system which we have developed to speed up the process of letting.