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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 ?
And Dirty Den Watts lets fly with his fists at Tommy after his split from Den's daughter Vicki Watts.
And she lets fly with some choice words during the programme which will be screened at 9pm.
It actually lets fly the entire cartilage of its tongue in the firing, leaving only muscle anchored in the salamander's body.