Allows or rents (4)
I believe the answer is:
lets
I believe this is a double definition.
'allows' is the first definition.
('let' can be a synonym of 'allow')
'rents' is the second definition.
(I've seen this in another clue)
(Other definitions for lets that I've seen before include "we shall serve them again!" , "Rents out or allows" , "Permits" , "Yes" , "Leases" .)