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Reading my original post, perhaps I should have made the important point
more clear.

My question is about an ILS suitable for a library that does not own its
books, but is borrowing those books from patrons.   The books all have lease
end dates associated with them.  Book lenders are very similar to book
borrowers, and they require end of day processing to see if any of the
library's books are due back to them, in the same way borrower's books are
due back to the library.

So, in the last two posts which mentioned "simple borrowing", that is what I
am wanting, but for the library to be simply borrowing the books AND for
patron to simply borrow those same books out of the library.

Book lenders and book borrowers are essentially the same, except lenders
first check a book in, and the due date is when the book leaves the library,
and book borrowers check books out and then back in again.  Of course, many
book borrowers are also lenders.

Are any currently existing open source ILSs  flexible enough to support this
model?

Sorry for the confusion,
Elliot