Definition

1. Noun:
   • Property that is leased or rented out: The word "letting" refers to a property or space that is made available for temporary use by a tenant in exchange for regular payment (rent). It is the act or business of granting a lease.

Usage

• "Letting" is primarily used as a noun in British English to describe a property available for rent or the business of renting properties. It is synonymous with "rental" in this context. The verb form is "to let."

Examples

• Noun:
  • The agency specializes in the letting of apartments in the city center.
  • We have several commercial lettings available in this building.
  • The income from the letting of the cottage helps pay the mortgage.

Advanced Usage

• "Long-term letting": A rental agreement for an extended period, typically six months or more.
  • The landlord prefers long-term lettings for stability.
• "Short-term letting": A rental agreement for a brief period, such as a holiday rental.
  • The rise of platforms like Airbnb has increased short-term lettings.

Variants and Related Words

• Let (verb): To grant the use of property for rent.
  • They decided to let their house while they were abroad.
• Letting agent (noun): A person or company that manages the rental of properties on behalf of landlords.
  • We found our flat through a letting agent.

Synonyms

• Rental: Property that is rented.
• Leasehold: Property held under a lease.
• Tenancy: The possession of land or property as a tenant.

Related Phrases

• To be up for letting: To be available for rent.
  • The flat is up for letting starting next month.
• Furnished letting: A rental property that comes with furniture.
  • They were looking for a furnished letting.

Notes

• In American English, the term "rental" is more commonly used than "letting." The verb "to let" is also less common in American English, where "to rent out" is typically used.

Noun

1. property that is leased or rented out or let