Define: Letting
Letting means the act of accepting bids to grant a lease for a specified term under a defined agreement, covering any extensions thereof
Legal accuracy standard set & glossary spot-checked by Imad Mohammed Nazar , Skadden-trained M&A lawyer, Legal Engineer at GenieAI
Letting means the act of accepting bids to grant a lease for a specified term under a defined agreement, covering any extensions thereof.
Relevant Circumstances
- When a landlord runs a competitive bidding process for a tenancy
- If extensions or renewals fall within the original letting agreement
- Where statutory rules govern how lettings can be advertised