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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 ?
Writer Vince Gilligan lets drop, via Angus, a reference to the "Lamb to the Slaughter" episode of "Alfred Hitchcock Presents" TV anthology.
Soon after, Jack gets a visit from an old pal now working as a private eye, Eddie (Michael Badalucco), who lets drop that Fred's wealth all belongs to his wife, who's jealous and obsessed with finding proof of infidelities that don't, in fact, exist.