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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 ?
In times of financial struggle, some of the first things that people let fall by the wayside are car payments and car insurance payments.
"Its revitalization and sustainability will not only secure greater tax revenues, but it will move the perception of our town and revitalize a downtown area that is too good to let fall to the wayside.
Indeed, a generalization one can make about Biblical Religion and the Novel is that its chief interest and value reside not so much in the particular theses pursued as in the information and insights the various contributors let fall along the way.
The treasure's value is far greater than mere money; it contains incalculable power, and is far too dangerous to let fall in the wrong hands.
"This is just too important to let fall by the wayside."
For $75 an hour, with a minimum 10-hour commitment, a sheriff's deputy will supervise a 12-member work crew to do the labor-intensive work that parks departments, cities and other groups may let fall behind.
Unabashed to speak for God--"This is the way that God sees life,"/it said, "from seedly-braird to snedder,"/as the handle turned/and turnip-heads were let fall and fed// to the juiced-up inner blades" (3)--the snedder repels us from matey anthropomorphizing as we turn the page to other implements.
Therese said, "After my death, I will let fall a shower of roses" to help those on Earth.
"It was one of those insults you're told dozens of times and that you often let fall on a pitch," Materazzi said
Until Americans demand more say in what drugs they can buy and where they can buy them, they'll be forced to pay more, get less, and restrict notions of self-care to a few medicines that the pharmaceutical industry and the FDA let fall from their grip.