re-letting
Definition
Noun: "re-letting" refers to the act or process of leasing or renting out a property, space, or object again after a previous lease or rental agreement has ended or been terminated.
Usage Examples
- (The process of renting the apartment to a new tenant.)
- (Costs associated with finding a new tenant.)
- (The business of leasing offices again to new occupants.)
Advanced Usage
"to undergo re-letting": to experience the process of being rented out again.
- The property underwent re-letting within a month of vacancy. (The property was rented again quickly.)
"re-letting clause": a provision in a lease agreement that outlines terms for re-renting the property.
- The re-letting clause allowed the landlord to deduct advertising costs from the deposit. (The lease term specifying rules for re-renting.)
Variants and Related Words
Re-let (verb): to lease or rent out again.
- They decided to re-let the house after the previous tenants left. (To rent the house to a new person.)
Re-letter (noun): a person or entity that re-lets property.
- The re-letter found new tenants quickly. (The person responsible for re-renting.)
Synonyms
- Re-rental: the act of renting something again.
- Re-leasing: the process of issuing a new lease.
- Subletting: (distinct from re-letting) renting out a property by a tenant to another person, often with the landlord's permission.
Related Idioms