Allowed lease (3)

I believe the answer is:

let

I believe this is a double definition.

'allowed' is the first definition.
(to let is to allow or permit)

'lease' is the second definition.
(synonyms)

(Other definitions for let that I've seen before include "& 15 Triple (anag.)" , "Permit or rent" , "Was inclined to ignore" , "Award (a contract)" , "Allow; rental period" .)

I've seen this clue in The Times.

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