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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 ?
But he is being let down gently because the riskswould be even greater this time.
And Bjorn, runner-up in three Majors and a world-class player with a great passion to play for Europe, could have been let down gently with a quiet word in advance.
The producers are to be let down gently, with a premium on offer for those who grub up, and Single Farm Payments with minimal environmental requirements attached.