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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 ?
People letting off fireworks at other times face a range of penalties which range from a substantial fine to imprisonment.
I MAY be an idiot "The childish habit of letting off fireworks" (Letters, August 31).
Some of the people in the book appear anonymously so that Vachon can keep letting off steam without attracting a libel suit.
In June, 1815, the people of Durham City marked the Duke of Wellington's victory over the French at the Battle of Waterloo by letting off cannons in South Street, a procession of boats with a band and some rowing races on the River Wear.
While I agree that irresponsible people letting off fireworks on other days causes distress to people and animals alike, to ban them means that people like me are being denied yet another simple pleasure in a bid to control a minority of hooligans.