letting
n. C / U B2 Upper Intermediate US //ˈɫɛtɪŋ// UK //lˈɛtɪŋ// let·ting
n. the act of renting out a house, apartment, or room to someone else. It is a common word in the UK for the rental business.
n. the action of leasing a property or room to a tenant. Often used in British English to refer to the commercial process of managing rental properties.
The letting of the apartment took longer than expected.
The agency specializes in residential lettings for students and young professionals in the city center.
Changes in local tax laws have made the short-term letting of holiday homes significantly less profitable for independent landlords this year.
Usage
Commonly used in the plural ('lettings') when referring to the industry or a collection of rental agreements.