Tag: Leases
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Lease With Option to Purchase
Concept of Lease with Option to Purchase in the context of Real Property A short definition of Lease with Option to Purchase: A lease under which the lessee has the right to purchase the property. The price and terms of the purchase must be set forth for the option to be valid. The option 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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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 […]