Definition, Meaning & Synonyms
overlet
verb
/ˈoʊvərˈlɛt/
Definition
To let something out for more than its fair share or in addition to what is reasonable.
Examples
- The landlord decided to overlet the apartment, charging a higher rent than usual.
- While trying to profit from the situation, he had to deal with the complications that came from overletting his equipment.
Meaning
Overlet refers to the act of leasing out property or an item at a rate that exceeds the normal or agreed standards or quantities.
Synonyms
- exceed
- overcharge
- overprice
