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Lease

Definitions

An agreement whereby the owner of real property gives the right of possession to another for a specified period of time and for a specified consideration.

Lease Agreement

Definitions

The formal legal document entered into between a landlord and a tenant to reflect the terms of the negotiations between the parties.

Lease Commencement Date

Definitions

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

Definitions

A listing of the total square footage of all current leases that expire on an annual basis, without regard to renewal options.

Lease Terms

Definitions

The details outlined in the lease agreement, including such factors as rent, term, responsibility for expenses, renewal options, tenant allowances, and other such items.

Leased Fee Estate

Definitions

An ownership interest held by a lessor with the rights of use and occupancy conveyed by lease to another.

Leasehold Value

Definitions

The value of a tenant's interest in a property; the term applies to a long-term lease when rent paid under the lease is lower than current market rates; some US states permit t ...

Leasing Fee

Definitions

A fee charged by an investment manager or operating partner to lease space in a building, either for a new tenant or for renewal. The amount varies and may be split with a leasing ...

Legislative Risk

Definitions

The risk that a government enacts regulations or may do something that adversely affects the value of an investment.

Lendee

Definitions

The person or entity to whom something is lent.

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