In real estate, 'let' refers to granting the use of realty (real estate) for compensation. The term does not always imply the act of leasing but can also refer to the granting of a license.
Realty, also known as real estate, encompasses land and the buildings on it, as well as natural resources like crops, minerals, or water. It involves various facets such as acquisition, sale, management, and legal transactions concerning properties.
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