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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 ?
Ultimately, balance is the key to holding on and letting go. We find a balance between the two, which is fine-tuned to each child, in each circumstance, at each age.
Some of the largest thriving gaps between workers at companies that are hiring versus letting go are found for low-income Americans, those with less than a high school education, and for those living in the South.
A ceremony marking his achievements--one that might include some former (or current) students--may make letting go somewhat easier for this reluctant retiree.
* what was positive about the situation you are letting go of
Make letting go of any regrets a part of your fall cleanse.
Sometimes, the problem of giving up or hanging on is better understood as an issue of letting go. Letting go is one of life's hard-to-learn lessons that seldom rises to the level of an art form because dedicated professionals have so little practice in doing it.
With this image, the poem's various celebrations of "letting go" flow together: the poet's letting go of having children, letting herself gladly be "a useless woman"; Jesus' letting go into a woman, evoked in an icon of "the black madonna...
I'm interested in the aspect of letting go. Once you let go, you travel without motivation to some specific place.
A key to seeing what's within has to do with letting go. You have to relax your focus whilst keeping the concentration.
MacKenzie believes in letting go, having fun, enjoying the "ecstasy of living." As if to prove the point, he happily and without hesitation agreed to pose for the camera while wading in the company reflecting pool.
But it is not as if the shoes Magdangal will be letting go of would be put to waste.