Tag: Leases
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Leased Fee
Concept of Leased Fee in the context of Real Property A short definition of Leased Fee: The lessor’s interest in the property.
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Leasehold Interest
Concept of Leasehold Interest in the context of Real Property A short definition of Leasehold Interest: The interest which the lessee has in the value of the lease itself in condemnation award determination. The difference between the total remaining rent under the lease, and the rent lessee […]
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Leaseback
Sale-Leaseback Transaction Definition (in the Accounting Vocabulary)The The New York State Society of Certified Public Accountants offers the following definition of Sale-Leaseback Transaction in a way that is easy for anybody to understand: Sale of property by a seller who simultaneously […]
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Lessee
Hello Legal Definition and Related Resources of Lessee Meaning of Lessee See lease . Lessee Alternative Definition He to whom a lease is mades he who holds an estate by virtue of a lease. See […]
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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 […]
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Lessee’s Interest
Concept of Lessee’s Interest in the context of Real Property A short definition of Lessee’s Interest: In appraising the value of a lessee’s interest to determine the value of a potential sublease of assignment (sale) of the lease, the value is the market value of the property, less […]
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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.
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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 .
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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 […]
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Lessor’s Interest
Concept of Lessor’s Interest in the context of Real Property A short definition of Lessor’s Interest: The present value of the future income under the lease, plus the present value of the property after the lease expires (reversion).
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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.
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Leasehold Value
Concept of Leasehold Value in the context of Real Property A short definition of Leasehold Value: The value of a leasehold interest. Usually applied to a long term lease when market rental for similar space is higher than rent paid under the lease. Some states allow the lessee to claim the […]
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Lessor
See tease.
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Lessor
See tease.