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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 ?
The highest office lettings we have on record was in 2011 with around 652,000sq ft of office space let, which included the 195,000sq ft let to Admiral in the city centre.
The highest office lettings we have on record was in 2011 with around 652,000 sq ft of office space let, which included the 195,000 sq ft let to Admiral in the city centre.
Lorna Morris, lettings manager in the Northumberland office, has seen a marked increase in the number of inquiries from potential tenants and is currently letting popular properties within a matter of days.
Huddersfield's CMK Lettings are a fully-licensed operator under the NALS scheme and bear the NALS logo.
The financial management and development committee had alerted CoGS to the "potential suspension" of the Letting Down the Nets work due to lack of funds.
Last year Peter Alan bought two letting agencies, Thomas George and Mead, making it the largest letting agency in Wales.
Elizabeth continued: "We will also help landlords select the best letting prospect by conducting a credit check, also known as tenant referencing, on all tenant applicants.
Applegate Lettings covers West and South Yorkshire and is one of the very few local agents to be ARLA qualified and a member of the Ombudsman for Letting Agents.
Newman Residential Letting which is one of the few lettings organisations to be members of both the Association of Residential Letting Agents (ARLA) and the National Approved Letting Scheme (NALS) in addition to the National Association of Estate Agents, prides itself on its level of professionalism and has carved itself a niche in the marketplace by offering a range of specialist services which are second to none in the region.
But keep letting go of what you are thinking and continue to practice anyway.
The latest version also supports progress billing, while letting users track, report, and invoice specified amounts based on date, time spent, materials used, or percent completed.
The National Park Service, because it interprets its mission as letting natural processes play out unimpeded by man, has a particular stake in fire management.