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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 ?
As for the question part on duties, sure, adults have to let know children their rights first, and only then the rights will come.
The ECB yesterday through its chairman Mario Draghi has let know, that will keep the key interest rate without changes, as in the economy of the EU is still there are big risks on the part of the debt crisis.
The rule and the law require that the requests for guarantees for future claims are being kept secret, because the goal is to not let know the other side about the pending trial and that its property could be blocked in order to avoid its concealment.