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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 ?
Let my heartfelt thanks go to those who voted for me overwhelmingly in the past election, and made me the lead candidate, and also to the voters of the Jaffna district and all those Jaffna voters who lives outside Jaffna, and despite experiencing difficulties have come and voted for me and I let know my heartfelt thanks which goes to them.
O'Brien, who is under contract until 2015 and who the council is obligated to let know by Sept.
Since I knew he was the culprit, I stomped on his foot to let know we meant business.
AFTER reading the story "Fury over bus route changes" I felt the need to let know of our loss of services, namely the 33 service.