Letting
/ˈlɛtɪŋ/
Definitions
- (n.) The act or process of granting possession or use of property, typically land or buildings, to another under a lease or rental agreement.
The tenant entered into a letting agreement with the landlord for a term of one year.
Related terms
See also
Commentary
In legal contexts, 'letting' frequently refers specifically to renting property and emphasizes the contractual transfer of possession, rather than outright sale.
This glossary is for general informational and educational purposes only. Definitions are jurisdiction-agnostic but reflect terminology and concepts primarily drawn from English and American legal traditions. Nothing herein constitutes legal advice or creates a lawyer-client relationship. Users should consult qualified counsel for advice on specific matters or jurisdictions.