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Related to let off: let off steam, let off the hook

Lease

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.

let

To rent out.

References in periodicals archive ?
"I've been let off the leash," the ultra-confident Londoner said.
Creating proper racing tracks, he added, would people a place to go and let off steam, which would stopg them from using the main roads.
READY TO LET OFF STEAM Harry and Grace Courtney at Chesters Roman Fort in Hexham, one of the sites where events will be held
Summary: Iran has let off medium-range missiles, a day after launching short-range weapons as part of several days of war games.
Fireworks cannot be let off between 11pm and 7am the next day, except on certain celebration days.
More than 550 sex offenders have been let off with cautions by Northumbria and Durham Police in the last six years.
As Swaffield pointed out, Noble Laureate Orhan Pamuk was also a victim of Article 301 but was let off because of a technicality.
This novel is written from Taylor's point of view in the form of journal entries she writes to "let off steam" when she becomes frustrated.
The police did a fantastic job and caught these two thieves, but then they were just let off.'
Trouble erupted before Swansea City's away clash with Lincoln yesterday when a football fan tried to let off a cannister of pepper gas in a busy city centre pub.
So the school where Daniel was bullied was let off the hook entirely, and the state child-protection apparatus was let go with a slap on the wrist.
It's unbelievable that this week saw adults let off when they were involved in young people getting harmed.