Definition of letting in English:

letting

noun

mass nounBritish
  • 1The action of renting out a property.

    ‘the renovation of houses for letting’
    count noun ‘she arranged lettings’
    • ‘Details can be obtained about subsequent rents and the terms of letting.’
    • ‘One can therefore take that into account in the hypothetical letting.’
    • ‘The property cannot be sold for 10 years after its first letting, in order to avoid government clawback of the tax relief claimed.’
    • ‘He had more than 100 convictions dating back to the 1970s concerning the letting of properties unfit for human habitation.’
    • ‘Such land was used mainly for commercial cattle and sheep grazing, often being rented under short-term letting by a grazier.’
    • ‘Many insurers have recently steered clear of properties held for residential letting and those who do give quotes will often only cover buildings and contents together.’
    • ‘Since its launch last May, the firm has taken on the management and letting of 60 properties on the Costa del Sol.’
    • ‘Moylan said they were open to the idea of letting or purchasing a building.’
    • ‘The agents report that the vacant units are suitable for immediate letting.’
    • ‘Jones Lang LaSalle handled the letting of the 186 square metre unit at a rent of €160,000 per annum.’
    • ‘The number of investors purchasing residential property for letting has dropped back to historic levels.’
    • ‘That election, known as ‘the option to tax’ has the consequence that the taxable person must charge VAT on any subsequent sale or letting of the property.’
    • ‘This is the end of a long process, and the start of another one of detailed design, construction and letting of retail units.’
    • ‘If it is not, it is considered residential and letting is not legally permitted.’
    • ‘If the property is sold within 10 years of its first letting, the relief used by the taxpayer is treated as additional rent for the year in which the property is sold.’
    • ‘In this sector of the market, increases in rent normally take place with each new letting.’
    • ‘Costs are allowed in full as an expense against the rental income from the house in the first year of letting.’
    • ‘Leaseback licences are granted to tourist and urban areas where there is a demand for short-term letting.’
    • ‘For this reason, many landlords tend to hold onto such properties until 10 years have expired from the date of first letting.’
    • ‘An Irish person could also have foreign rental income, for example, from letting of a Spanish holiday home.’
    1. 1.1count noun A property that is let or available to be let.
      ‘large houses were subdivided into multiple lettings’
      • ‘Richard, who comes from a Cornish farming family, qualified as a solicitor in 1999 and has experience in property and lettings, farm restructuring and commercial contracts.’
      • ‘Notwithstanding the potential fall-off in the pace of growth, the demand from both local and international retailers remains strong, with new lettings achieving record rents.’
      • ‘A number of big corporate occupiers have secured lettings at rents in the region of €377 per square metre for new space under construction.’
      • ‘We have five more lettings in hand that should be complete by the middle of November.’
      • ‘Jon Lord, Bolton council's head of community housing services, says this means local lettings are not affected.’

Pronunciation

letting

/ˈlɛtɪŋ/