LETTABLE Meaning and
Definition
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The term "lettable" is an adjective primarily used in the context of real estate and property management. It refers to a property or space that is suitable and available for renting or leasing to tenants. The word is typically used to describe a property's condition, features, or amenities that make it attractive and viable for rent.
A "lettable" property is one that meets certain criteria, such as being structurally sound, well-maintained, and compliant with local housing regulations. It often implies that the property is in a desirable location, equipped with appropriate utilities and services, and has adequate space and amenities to accommodate tenants' needs.
This term is particularly employed by landlords, property agents, and real estate professionals when assessing and marketing rental properties. It emphasizes the property's marketability and rental potential, distinguishing it as an appealing option for prospective tenants.
In summary, "lettable" refers to a property's suitability and readiness for renting. It is used to describe a property that possesses the necessary features and conditions to attract and accommodate tenants. Whether it is a residential apartment, commercial space, or retail unit, a lettable property is considered viable and fit for lease or rental purposes.
Common Misspellings for LETTABLE
Etymology of LETTABLE
The word "lettable" is derived from the verb "let", which has its roots in Old English.
In Old English, the verb "lettan" meant "to hinder, delay, or block". Over time, the word evolved and gained various meanings, including "to permit" or "to lease out". In the context of property and real estate, "let" came to mean "to rent or grant the use of a property to someone".
The suffix "-able" adds the meaning of "capable of" or "suitable for". Thus, "lettable" implies something that is capable of being let or rented out, or something suitable for leasing.
Overall, the etymology of "lettable" reveals its connection to the concept of renting or leasing, making it a term commonly used in the real estate industry to indicate properties that are available for rent.
