Lets out, or lets out again (8)
I believe the answer is:
releases
'lets out' is the definition.
('release' can be a synonym of 'let out')
'lets out again' is the wordplay.
I cannot quite understand how this works, but
'again' could be 're' (prefix meaning 'again') and 're' is found within the answer.
The remaining letters 'leases' is a valid word which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).
'or' is the link.
Can you help me to learn more?
(Other definitions for releases that I've seen before include "Sets free" , "Frees" , "Issues" , "Liberates, lets go" .)