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Sale and lease back |
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Sale and lease backSale of an existing asset to a financial institution that then leases it back to the user. Related: Lease.Sale and lease back Similar MatchesLease acquisition costLease acquisition costThe legal fees and other expenses incurred when acquiring a lease. 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. 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. Equity release schemeEquity release schemeA scheme designed to allow homeowners to 'release' cash from the value of their property. They come in two varieties:Home income plansHome reversion schemesWith either type, you can choose to receive the equity as income, as a lump sum or as a mixture of both.Schemes offered by financial institutions vary considerably and, as always, it is important to look at the small print. Some schemes are only available to people over 70, while others are suitable for younger homeowners with longer life expectancies.Safe Home Income Plans (SHIP) is a self-regulatory body that was formed in 1991 to promote fairer schemes after thousands of elderly homeowners were left with large losses in the late Eighties. SHIP can be contacted on 01242 539 494. Rental leaseRental leaseSee: Full-service lease Further SuggestionsLeasehold improvementCapital lease Gross lease Safe harbor lease Ground lease Release Break even lease payment Deeds release fee Operating lease Gross Lease Net lease Financial lease lease True lease Lease purchase agreement Net Lease Leaseback leasehold land Lease Lease With Option To Purchase Lease rate Leasehold Leasehold Release clause lease back |
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