Meaning of the word "lease out" in English

What does "lease out" mean in English? Explore the meaning, pronunciation, and specific usage of this word with Lingoland.

lease out

US /liːs aʊt/
UK /liːs aʊt/

Phrasal Verb

to rent out a property or asset to someone else

Example:
They decided to lease out their spare apartment for extra income.
The company plans to lease out some of its unused office space.