PaulQ
As an owner, you can let [out] a property by way of various varieties of lease or tenancy.
If you lease out a property, the occupier is the leaseholder. If you rent out a property the occupier is the tenant. Each has a different status in law. A leaseholder is there by right and has an interest in the property; a tenant is permitted to be there and does not have an interest in the property.
Leases are more common on commercial and high value residential property.
To Let signs, by far the most common sign in UK, on residential property thus usually indicate the offer of a tenancy, i.e. paying rent, and on commercial property, a lease, i.e. usually paid in a lump sum (via a loan).
Fabulist
I think we do use "let" in AE, but "rent" is more common. We use "for rent" but not "for let" or "for letting." But I think on
There is a difference in the U.S. between renting and leasing. A lease is a long-term contract that neither side can abrogate easily without penalty and probably some costs. If you lease an apartment, you are stuck with paying for it for the term of the lease, and the landlord is stuck with you. Renting is often month-to-month: you can leave whenever you want, or with a month's notice, and your landlord can demand that you leave on short notice. In practice, however, rental agreements may, at least initially, be for long terms (although perhaps not more than a year). I think "house to let" would imply a lease, but "house for rent" would not. But you can make an ironclad assumption, and I think both terms are used rather loosely on signs and in advertisements. You have to read the terms of the lease or rental agreement to know what you are getting into.
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