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LeaseThe lease is a document which contains the rights and the covenants (rules) on behalf of both the landlord and the tenant which regulate the use of the property.LeaseA contract in which the legal owner of property or other asset agrees to another person using that property or asset in return for a regular specified payment (known as rent) over a set term. In addition to buildings, other items such as cars and computers are often leased in order to avoid capital costs in the running of a business.LeaseA long-term rental agreement, and a form of secured long-term debt.Lease Similar MatchesLease With Option To PurchaseLease With Option To PurchaseA lease under which the lessee has the right to purchase the property. The price and terms of the purchase must be set forth for the option to be valid. The option may run for the length of the lease or only for a portion of the lease period. Legal Description: A description by which property can be definitely located by reference to surveys or recorded maps. Sometimes referred to simply as the legal. Leveraged leaseLeveraged leaseA lease arrangement under which the lessor borrows a large proportion of the funds needed to purchase the asset. The lender has a lien on the assets and a pledge of the lease payments to secure the borrowing. Graduated leaseGraduated leaseA type of long-term lease whose payments are variable rather than fixed, and depend upon a benchmark rate, such as changes in the consumer price index. Ground leaseGround leaseA lease of land, as opposed to a lease of a building. P Partial ReleaseP Partial ReleaseA release of a portion of property covered by a mortgage. A subdivider will obtain a partial release as each lot is sold, upon payment of an agreed upon amount. In areas where the subdivider is not usually the builder, it may be necessary to sell groups of lots to obtain a partial release. In areas where deeds of trust are used instead of mortgages, a "partial reconveyance" is the document used. Further SuggestionsFull payout leaseNet lease Lease rate Rental lease Gross lease Financial lease Net Lease Equity release equity release scheme Triple net lease Leaseback Gross Lease Operating lease Leasehold lease back Release clause Lease acquisition cost Sale and lease back Safe harbor lease Full service lease True lease Leasehold Deeds release fee leasehold land Direct lease |
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