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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.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved


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 ?
"To me, and I'm sure to the rest of the crowd, this felt as a bit of a let down. Kept your fans waiting for an hour and wasn't even at the venue on time.
It is in fact this Government that has let down the people of this city.
The Crown Prosecution Service has defended itself against accusations that a mother-of-four, who killed herself during the sex abuse trial of her former teacher, was let down by the court system.
Speaking outside court, Downing, 27, said he was "very pleased" with the outcome but also felt sorely let down by his former agent.
He said the officers were decent people from decent families who have been let down by the justice system they serve and made to feel like they themselves have been on trial.
Female learner drivers need more attempts to pass their driving test than men and are let down by poor reversing, according to one of Britain's biggest driving schools.
Walsh also tries to advance the proposition that Air Force One was a place where the presidents could let down their guard and be seen in a more informal setting.
It challenges us when we fish hostile lakes to do so in the spirit of Peter: "If you say so, I will let down the nets." Such an attitude invites God's grace when the situation looks hopeless, the relationship seems barren, the labor appears fruitless.
HILLARY Clinton has said young people in Britain expressed 'fear, disgust and a feeling of being let down' after the Brexit referendum.
Time after time our brave boys have been let down by the politicians.
Ms Maitlis said she had been let down by the criminal justice system and Edward Vines' unwanted attention was upsetting her husband and scaring her children.