What does the cryptic crossword clue "One renting London accommodation – it follows a period in USA (7,6)" mean?

The definition is "One renting London accommodation – it follows a period in USA". The wordplay uses a double definition. Double definition The answer is CAPITALLETTER.

One renting London accommodation – it follows a period in USA (7,6)

Guardian Cryptic #29653 | 10 Down | 2025-03-27 flower

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