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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 ?
Sadly for Lucy, being let down gently wasn't enough.
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.