Let
Term · Law · MLC-T-LAW-003005
To grant the use of real property or personal property to another for a specified period in exchange for rent or other consideration. This creates a landlord-tenant relationship, where the lessor retains ownership but transfers possession and use rights to the lessee. The terms of the letting are typically outlined in a lease agreement, which is a legally binding contract.
| Identifier | MLC-T-LAW-003005 |
|---|---|
| Field | Law |
Record as JSON
{
"id": "MLC-T-LAW-003005",
"term": "Let",
"field": "Law",
"definition": "To grant the use of real property or personal property to another for a specified period in exchange for rent or other consideration. This creates a landlord-tenant relationship, where the lessor retains ownership but transfers possession and use rights to the lessee. The terms of the letting are typically outlined in a lease agreement, which is a legally binding contract.",
"url": "https://mlchart.com/terminology/law/let/"
}
Record 2,955 of 5,441 in Law terminology (MLC-0107). Request the full dataset.