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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 ?
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
Daniel has been riding this seven-year-old bay for nine months and they won two of the Novice Grand Prix classes and proved consistent throughout the five day show, despite Lets Go Rocky being one of the least experienced ponies.