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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.
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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 ?
- Let us say, once and for all: No, to every form of violence, vengeance and hatred carried out in the name of religion or in the name of God
Let us say that if Pogba comes too, it's going to be very interesting."
Let us say a firm, rather a thumping No to corruption, he added.
She said: "At Liz's London house - actually I should say Elizabeth, because she didn't really let us say Liz.
Mohamed added: "In the absence of a rent contract -when the owner demands increased amount of let us say, QAR2,000 for every room from me as rent, I will increase QAR 300 to 500 in each room and no one would object," he adds.
Mr Corbyn said: "Let us say we will never again unnecessarily put our troops under fire and our country's standing in the world at risk.
Before anyone opens fire, let us say up front that we are big fans of the Barre Common, one of the most spacious and attractive public spaces in the commonwealth.
Rather, let us say yes to Christ, yes to God, yes to the Spirit and to all the new relationships brought out by Christ.
So I ask all countries all around the world, let us say no to wars."
So I ask all countries all around the world, let us say no to wars." The schoolgirl, who currently lives in Britain, rose to prominence in Pakistan by campaigning for girls' right to education.
Dany is a great beauty with high ideals - but she is, let us say, vertically challenged.