noun
- the act of renting out a property again, especially after a previous tenant has left
Usage: real estate
Examples
- The landlord handled the reletting of the apartment after the previous tenant moved out.
- Property management companies often charge fees for reletting services.
- The reletting process took three weeks to find a suitable new tenant.
- Quick reletting helps minimize vacancy periods and lost rental income.
- The lease agreement included clauses about reletting procedures.
- Market conditions affected the reletting of commercial properties downtown.