Formally known as Realia, a Library of Things (LoT) is a collection of items for loan that expands the boundaries of traditionally defined library materials.

'Late Fee' - 1.5x the daily cost of the Thing for each day the Thing is overdue.

Objects often include kitchen appliances, tools, gardening equipment and seeds, electronics, toys and games, art, science kits, craft supplies, musical instruments, and recreational equipment such as sports and outdoors gear.

It's a simple concept: you can rent all sorts of products donated by local people – from DIY equipment to sewing machines – for free or for a small fee, and just bring them back when you're done. You could save money and space and reduce waste by renting useful stuff that you'd otherwise have to buy and store.