In property management, leasing refers to the process of renting out a property to a tenant or tenants. This can include negotiating the terms of the lease, such as the length of the rental period and the amount of rent, as well as preparing and signing the lease agreement. Property managers may also be responsible for advertising the property and showing it to potential tenants, as well as screening applicants and conducting credit and background checks. Once a tenant has been found and the lease has been signed, property managers may also be responsible for collecting rent and enforcing the terms of the lease. Leasing is a crucial part of property management, as it helps property owners generate income from their rental properties.