Meaning of the word "rent out" in English

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

rent out

US /rent aʊt/
UK /rent aʊt/
"rent out" picture

Phrasal Verb

to allow someone to use something that you own, such as a house or a piece of land, in exchange for money

Example:
They decided to rent out their spare room to a student.
The owner plans to rent out the entire building for commercial use.