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Lease
Lease A contract whereby the landlord grants the tenant the right to occupy defined space for a set period at a specific price (i.e., rent).
RELATED TERMS--------------------------------------
Contract
A legal agreement between entities that requires each to conduct (or refrain from conducting) certain activities.
Landlord
One who rents property to a tenant.
Tenant
Any person in possession of real property with the permission of the owner.
SIMILAR TERMS--------------------------------------
Lease agreement
The formal legal document entered into between a landlord and a tenant to reflect the terms of the negotiations between them
Lease buyout
Agreement from landlord to take care of the tenant's lease obligations in other premises.
Lease commencement date
The date usually constitutes the commencement of the term of the lease, whether or not the tenant has actually taken possession, so long as beneficial occupancy is possible.
Lease expiration exposure schedule
A listing of the total square footage of all current leases that expire in each of the next five years, without regard to renewal options
Lease option
A lease under which the tenant has the right to purchase the property either during the lease term or at its end.
Lease with option to purchase
A lease under which the lessee has the right to purchase the property.
Lease-purchase mortgage
A financing option that allows a potential homebuyer to lease a property with the option to buy.
Leasehold
The estate or interest a tenant has as stated in the tenant's lease.
Leasehold estate
A tenant's right to occupy real estate during the term of a lease; a personal property interest.
Leasehold interest
The right to hold or use property for a fixed period of time at a given price, without transfer of ownership
Leasehold lending
Loans on a leased property with satisfaction dates usually 10 to 20 years prior to the expiration of the lease.
Leasing agent
Real estate salespeople who specialize in leasing rental properties. Skilled at telephone techniques, on-site customer qualifying and closing.
PREVIOUS AND NEXT TERMS--------------------------------------
Laundry
If the motel has 40 units or more, the laundry will usually have two 50 lb. Commercial washers with automatic soap injection and one or two large dryers.
Law of agency
A fiduciary relationship is created under the law of agency when a property owner, as the principal, executes a listing agreement or management contract authorizing a licensed real estate broker to be his or her agent.
Leach
Water that collects contaminants as it trickles through wastes, pesticides, or fertilizers. Leaching may occur in farming areas, feedlots, and landfills, and may result in hazardous substances entering surface water, ground water, or soil.
Lead
Lead is an element that was once used as a pigment and drying agent in paint. An elevated level of lead in the body can cause serious damage to the brain, nervous system, kidneys and red blood cells.
Lead manager
The investment banking firm that handles the principal responsibilities for coordinating the new issuance of securities
Lease
Lease agreement
The formal legal document entered into between a landlord and a tenant to reflect the terms of the negotiations between them
Lease buyout
Agreement from landlord to take care of the tenant's lease obligations in other premises.
Lease commencement date
The date usually constitutes the commencement of the term of the lease, whether or not the tenant has actually taken possession, so long as beneficial occupancy is possible.
Lease expiration exposure schedule
A listing of the total square footage of all current leases that expire in each of the next five years, without regard to renewal options
Lease option
A lease under which the tenant has the right to purchase the property either during the lease term or at its end.
This dictionary contains 6433 terms. |
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