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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 ?
Sgt Kay Howe from the force's Harm Reduction said: "Our aim with new website is to make as interactive and informative as we could and we people will go online, a look around and let know what they think of "Parents can sometimes worry about what children are getting to and the website contains lots of information signs to look out for a number of issues, advice on what they can do the range of support services available.
"We stuck a little label on the balloons saying, "My name is James Gourley and it's my daddy's birthday today and we are letting these balloons off and could you be so kind as to let know where they land".
I explained that they need only ask themselves: "Is this bigger than just my division and who should I let know?" This strategy empowered them, and it helped the department operate more effectively.
'Go and give exams again you will let know what is Information and Technology,' said the minister.
It's not a good policy to let know the to telegraph your intention or what you know about the other fellow, especially in matters of breaking penal laws," he said during a press conference in Davao City early Friday morning.
"With great sadness and a broken heart I have to let know [sic] all of Adrian's friends and acquittances that he is dead," Lamo's father (https://www.facebook.com/groups/majordomo/permalink/10156204603994522/) wrote on Facebook .