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letting
This term is predominantly used in British English to describe the process of renting out property. In American English, the word "rental" is far more common for both the act of renting and the property itself. Using "letting" in a US context may sound overly formal or archaic.
When used as a noun to describe a specific property, it functions as a countable noun. However, when referring to the general process or business of granting leases, it is treated as an uncountable activity. The adjective form is typically used in professional real estate contexts, such as "letting agents" or "letting fees," to distinguish the landlord's side of the transaction from the tenant's side.
Meanings
Examples
The letting of the apartment provided a steady monthly income for the owner.
I need to contact a letting agent to find a new tenant.
The house is a holiday letting in the countryside.
We are reviewing our letting policy to attract more students.
The landlord is managing the letting of several properties in the city.
I wonder if there are any cheap lettings in this neighborhood.
The company specializes in commercial letting for small businesses.
The company specializes in commercial letting for small businesses.