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Long-term lease
Long-term lease In most markets, this refers to a lease whose term is at least three years from initial signing to the date of expiration or renewal.
RELATED TERMS--------------------------------------
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).
Term
The length of time in which a loan is to be paid off.
Renewal
Right of a tenant to renew a lease at a rent to be deterimined.
SIMILAR TERMS--------------------------------------
Long Beach property
Property in Long Beach, USA. Apartments, flats, houses, offices and other property in Long Beach.
Longitude
Distance measured east or west on the earth's surface, measured by the angle which the meridian through a place makes with some standard meridian, as that of Greenwich, Great Britain or Paris, France.
Longueuil property
Property in Longueuil, Canada. Apartments, flats, houses, offices and other property in Longueuil.
Longxuyen property
Property in Longxuyen, Vietnam. Apartments, flats, houses, offices and other property in Longxuyen.
Longyan property
Property in Longyan, China. Apartments, flats, houses, offices and other property in Longyan.
Longzing property
Property in Longzing, China. Apartments, flats, houses, offices and other property in Longzing.
PREVIOUS AND NEXT TERMS--------------------------------------
Lockout
The period during which a loan may not be prepaid.
Loft
A living space not partitioned into rooms or a small space built above a larger room.
Log cabin
Homes constructed of rough-hewn timbers and a standard housing form in the early European settlement of the U.S.
London Inter Bank Offered Rate (LIBOR) Linked Mortgage
The interest rate tracks this index. It is normally quoted as 6 Month LIBOR and so stays the same for a six-month period.
Longitude
Distance measured east or west on the earth's surface, measured by the angle which the meridian through a place makes with some standard meridian, as that of Greenwich, Great Britain or Paris, France.
Long-term lease
Loss factor
What percentage of the gross area of a space is lost due to walls, elevator, etc. Rule of thumb in Manhattan is approximately 15%.
Loss mitigation
A process to avoid foreclosure; the lender tries to help a borrower who has been unable to make loan payments and is in danger of defaulting on his or her loan
Loss severity
The percentage of principal lost when a loan is foreclosed.
Lot
Generally one of several contiguous parcels of land making up a fractional part or subdivision of a block, the boundaries of which are shown on recorded maps and plats.
Lot-and-block (recorded plat) system
A method of describing real property that identifies a parcel of land by reference to lot and block numbers within a subdivision, as specified on a recorded subdivision plat.
This dictionary contains 6433 terms. |
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