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’
    • ‘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.’
    • ‘Such land was used mainly for commercial cattle and sheep grazing, often being rented under short-term letting by a grazier.’
    • ‘An Irish person could also have foreign rental income, for example, from letting of a Spanish holiday home.’
    • ‘This is the end of a long process, and the start of another one of detailed design, construction and letting of retail units.’
    • ‘Leaseback licences are granted to tourist and urban areas where there is a demand for short-term letting.’
    • ‘Costs are allowed in full as an expense against the rental income from the house in the first year of letting.’
    • ‘Since its launch last May, the firm has taken on the management and letting of 60 properties on the Costa del Sol.’
    • ‘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.’
    • ‘Moylan said they were open to the idea of letting or purchasing a building.’
    • ‘He had more than 100 convictions dating back to the 1970s concerning the letting of properties unfit for human habitation.’
    • ‘The number of investors purchasing residential property for letting has dropped back to historic levels.’
    • ‘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.’
    • ‘In this sector of the market, increases in rent normally take place with each new letting.’
    • ‘The property cannot be sold for 10 years after its first letting, in order to avoid government clawback of the tax relief claimed.’
    • ‘If it is not, it is considered residential and letting is not legally permitted.’
    • ‘One can therefore take that into account in the hypothetical letting.’
    • ‘Details can be obtained about subsequent rents and the terms of letting.’
    • ‘For this reason, many landlords tend to hold onto such properties until 10 years have expired from the date of first letting.’
    • ‘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.’
    1. 1.1count noun A property that is let or available to be let.
      ‘large houses were subdivided into multiple lettings’
      • ‘A number of big corporate occupiers have secured lettings at rents in the region of €377 per square metre for new space under construction.’
      • ‘Jon Lord, Bolton council's head of community housing services, says this means local lettings are not affected.’
      • ‘We have five more lettings in hand that should be complete by the middle of November.’
      • ‘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.’
      • ‘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.’

Pronunciation

letting

/ˈlɛtɪŋ/