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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.
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To rent out.

The Complete Real Estate Encyclopedia by Denise L. Evans, JD & O. William Evans, JD. Copyright © 2007 by The McGraw-Hill Companies, Inc.
References in periodicals archive ?
"He is in the Weatherbys Super Sprint which would be very exciting," says Wicks, who works hard at making Lets Go Racing a success.
Members of the Lets Go Racing 1 group with Jubilee Games this month
He is hoping to qualify for this year's Horse of the Year Show with the duo - Lets Go Rocky will be contesting the Junior Foxhunter second round qualifiers soon - and is sure to trouble his European counterparts in France.