Lease term
Definition: [crh] The life of a lease, including any renewal options.
Lease Term: The life of a lease including any renewal options.
Legal Opinion: Written opinions provided by the legal advisors on the validity and enforceability of all project and finance documents including security documents.
Base lease term:
The underlying term of the lease used by the lessor in computing interest payments and regarded by the lessee as the minimum time period during which he will have the use and custody of the equipment.
Lease term
The lease term is the fixed, non-cancellable period of a lease plus all periods covered by bargain renewal options.
Lease term
The life of a lease, including any renewal options.
Leaseback
A transaction that involves the sales of some property, and an agreement by the seller to lease the property back from the buyer after the sale.
The lease term usually provides for ownership to be transferred to the lessee by the end of the lease, perhaps with a clause allowing for buyout at a very reasonable price.
(iii) The lease term is at least 75% of the economic life of the leased asset.
(iv) The present value of the minimum lease payments is 90% or greater of the asset's value.
These improvements revert to the lessor at the expiration of the lease term. As improvement costs are incurred under an operating lease, the leasehold improvement account is charged.
In the USA, the determination of risk/reward transfer is based upon evaluation of very specific criteria: (1) ownership transfer of the asset by the end of the lease term, ...
In 1983 James Blain a Michigan based architect saw an increased need for single story office space, that specialized in small office user who seek convenience with flexible lease terms and minimal overhead expense.
The annual lease value table provided by the IRS is based on a four-year lease term.
ownership of the asset is transferred to the lessee at the end of the lease term;
the lease contains a bargain purchase option to buy the equipment at less than fair market value; ...
Sometimes the lessee has the option to purchase the asset at residual value upon termination of the lease term.
Less Developed Country
An LDC is a country with low per capita gross national product.
The clause provides that the lease terminates without penalty to the lessee in the event that the municipal lessee fails to appropriate sufficient funds to make required lease payments during the ensuing annual or biannual budget period.
The transfer of risk to the lessee may be shown by lease terms such as an option for the lessee to buy the asset at a low price (typically the residual value). at the end of the lease.
The most common type of vehicle lease where the lessee may return the vehicle at the end of the lease term, pay any end-of-lease costs, and the lease agreement is finished.This type of lease is also known as a closed-end lease.
Generally, a unit is considered to be used on a nontransient basis if the initial lease term is six months or greater.
The right but not the obligation to buy a leased asset at the end of the lease term for a price that represents the item's then-current worth.
The rent cannot be changed on a lease during the lease term, nor can a tenant be forced to move out unless they violate the terms of the lease (e.g. not paying rent or conducting illegal activity on the premises).
profit is recorded for the excess of the present value of the lease payments to be received across
a lease term over the cost to manufacture the leased equipment. Interest income also is recognized ...
value of leased property at the end of the lease term. Or 2. at any time, the actual or estimated value (that is, proceeds minus disposal costs) of an asset, also called scrap value or salvage value. Or 3.
Term Space: Space made available to users by landlords, but only with a maximum lease term. The landlord cannot make a longer commitment because another tenant in the building has an option to expand [and into the space at some date in the future.
EXCESS WEAR CHARGE - Most leases set limits for wear and tear on the car during the lease term. The les...
EXCHANGE - An exchange is a physical location for trading securities, typically by using what's known a...
Lease With Option to Purchase
Lease, which contains the right of the lessee to buy the property at the end of the lease term.
Leased Fee
The landlord's ownership interest of a property that is under lease.
An arrangement by an owner of a building agreeing to take on the liability for the remaining lease term of a tenant in a different building which releases the tenant from the old lease obligation and permits him/her to negotiate a lease in the ...
Rental properties are always under the control of a landlord, which means that monthly rent could be raised or the lease terminated with short notice to the tenant. By owning the space, companies in office condominiums can avoid such surprises.
Lease option - A lease under which the tenant has the right to purchase the property either during the lease term or at its end.
A less than freehold estate which a tenant possesses in real property. In a lease situation, the tenant possesses a leasehold and the landlord possesses the reversion estate; i.e. when the lease terminates, the property will revert to the landlord.
Lease-Purchase Agreement: An agreement that states: 1) a portion of each lease payment applies to a future purchase of the leased property, or 2) the leaseholder possesses a right to buy the property during or at the conclusion of the lease term.
the present value per square foot and amortize it over the term of the lease at an appropriate discount rate. The monthly payment multiplied by 12 is the gross effective rent on the lease. The (GER) can be used to compare scenarios whose lease terms ...
 See also: Expense, Lessee, Lessor, Values, Banks
  
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