Legal Dictionary

Search results for: “lease”

  • Release From the Military

    Concept of Discharge or Release From The Military in the context of Real Property A short definition of Discharge or Release From The Military: To be eligible for a V.A. loan, a person must receive a discharge which is not a dishonorable discharge or have been eligible for such a discharge or […]

  • Lease-purchase Mortgage Loan

    Concept of Lease-purchase Mortgage Loan in the context of Real Property A short definition of Lease-purchase Mortgage Loan: A financing method allowing a tenant to make payments on a mortgage plus an amount set aside to be used as a down payment for purchase of the property. Usually offered to […]

  • Graded Lease

    Graded Lease in the context of Real Property See: Step-Up Lease in this legal Dictionary.

  • Under-lease

    See Sublease.

  • Percentage Lease

    Concept of Percentage Lease in the context of Real Property A short definition of Percentage Lease: A lease, generally on a retail business property, using a percentage of the gross or net sales to determine the rent. There is usually a minimum or base rental, in the event of poor sales.

  • Short Term Lease

    Concept of Short Term Lease in the context of Real Property A short definition of Short Term Lease: A general term, indicating a lease under five years in some states, under ten years in others.

  • Leasehold Improvements

    Concept of Leasehold Improvements in the context of Real Property A short definition of Leasehold Improvements: Improvements made by the lessee. The term is used in condemnation proceedings to determine the portion of the award to which the lessee is entitled. See also: Tenant Improvements.

  • Leasehold

    The estate in real property of a lesse created by a lease . Generally refers to an estate whose duration is fixed but may be used to describe a tenancy at will , i.e month to month or periodic tenancy .

  • Lease-purchase Agreement

    Lease-Purchase Agreement Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Lease-Purchase Agreement in a way that is easy for anybody to understand: Agreement providing that portions of lease payments may […]

  • Sky Lease

    Concept of Sky Lease in the context of Real Property A short definition of Sky Lease: A lease of air space above a parcel of land. A structure which is cantilevered or a bridge can be used in such a lease.

  • Primary Lease

    Concept of Primary Lease in the context of Real Property A short definition of Primary Lease: The original lease, as distinguished from a sub lease.

  • Leasehold Loan

    Concept of Leasehold Loan in the context of Real Property A short definition of Leasehold Loan: A loan secured by the lessee’s interest in the property.

  • Sale-leaseback

    Concept of Sale-leaseback in the context of Real Property A short definition of Sale-leaseback: A sale and subsequent lease from the buyer back to the seller. Although the lease actually follows the sale, both are agreed to as part of the same transaction.

  • Net Lease

    A lease arrangement under which the lessee is responsible for all property taxes, maintenance expenses, insurance, and other costs associated with keeping the asset in good working condition….

  • Sandwich Lease

    Concept of Sandwich Lease in the context of Real Property A short definition of Sandwich Lease: A lease between the primary lease and the lease to the user or party in possession.