Meaning of the word letting in English

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

letting

US /ˈlet̬.ɪŋ/
UK /ˈlet.ɪŋ/

Noun

the action of allowing someone to use a property in return for payment

Example:
The agency specializes in property letting.
They are considering the letting of their spare room to a student.

Verb

present participle of 'let'

Example:
He is letting his hair grow long.
Are you letting the dog out?