The phrase "to hire out" means to make something available for rent or lease, typically in exchange for payment. This can refer to a wide range of items and services, from equipment such as tools or vehicles, to property like apartments or houses, to professional expertise such as catering or event planning. The person or company providing the item or service is called the "lessor" while the one renting it is known as the "lessee". Hiring out can be a lucrative business opportunity for individuals and companies looking to earn extra income by making their assets available to others on a temporary basis, while also meeting the needs of those who require such items or services but may not have the means or desire to purchase them outright.