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"leases out" is correct and usable in written English.
You can use it when talking about a situation where someone (or company/organization) agrees to allow someone else to use their property for a certain amount of time in exchange for rent. Example: The landlord leases out the apartment to tenants every year.
Exact(9)
"The coalition is willing to raise whatever is necessary is possible to buy these leases out," he said.
The empirical results show that local government's distorted land-leasing price policy, by which it leases out industrial land at a lower price, and leases out commercial and residential land at a higher price, leads to land misallocation between the industrial and service sectors.
He said that it appears to him that the shooting has taken place in a conference building that the center often leases out to community groups.
As sales trickled in, CityCenter eventually turned about 1,350 units at its condo-hotel Vdara into regular hotel rooms, while it leases out to vacationers about 70 percent of the approximately 150 units that it sold, said Bill McBeath, president and chief operating officer of CityCenter.
It even owns a corporate jet, which it leases out to the likes of Sharon Stone and Eddie Murphy.In this section Two wobbly titans Management theory's true believers Entrepreneurs are deluded: official Brussels v Boeing Delhi bellyflop A bio-bubble? Drinks, anyone?
In his later years, Mr. LeFrak turned to other business ventures: oil and gas exploration through the Lefrak Oil and Gas Organization, a drilling company, and the entertainment business, through Lefrak Entertainment Company, which develops and produces popular records and buys and leases out the performance rights to popular songs.
Similar(51)
I leased out aircraft".
How many you lease out?
Some own and lease out drill-rigs.
But second place cannot lease out for rental, right?
Late last year Mr. Kashey leased out the building for 47 years.
More suggestions(1)
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Since I tried Ludwig back in 2017, I have been constantly using it in both editing and translation. Ever since, I suggest it to my translators at ProSciEditing.

Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com