Let’s Talk About What ‘Let’ Really Means

The term “let” has a multitude of legal meanings. It is often used to refer to the transfer of possession or right to build, occupy, improve, or develop a piece of real estate. This transfer of rights or the leasing of anything is also referred to as leasing or letting.

Another meaning of let is often seen in contracts or agreements where one party agrees to allow another party to do something. In this case, it is often used to give permission or to enable a party to do something. This could range from allowing a party to use a particular piece of land, to entering into a business agreement.

In today’s business climate, let is often seen in the context of a rental agreement or lease where one party signs a contract letting the other party use their property or service in exchange for a fee. This could refer to a residential lease asking for monthly rent payments, or a commercial lease with a set rent plus any maintenance fees.

So, to sum it up: Let implies transfer of possession, permission to do something, or entering into a rental agreement or contract with a party in exchange for a fee.