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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 ?
Historically with Cody, nobody is let down gently and when he methodically calls out the 15 players starting on the biggest day of their hurling careers, the unlucky few who miss out will simply have to accept it.
But instead of being let down gently after her audition, Paloma soon realised that the makers of the new four-part drama were not looking for another blonde- haired Christie to fill the corset of the impulsive heroine.
Sadly for Lucy, being let down gently wasn't enough.