reversionary lease

reversionary lease
A lease granted for a term that commences on a date in the future. Confusingly, the term is also used to refer to a lease of the reversion. However, the two are not the same.

Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

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  • reversionary lease — One to take effect in futuro. A second lease, to commence after the expiration of a former lease …   Black's law dictionary

  • reversionary lease — A lease the term of which is to begin at a future time …   Ballentine's law dictionary

  • lease of the reversion — A lease of property already subject to a lease, which is granted out of the reversion. It is also known as a concurrent lease. Sometimes a lease of the reversion may be called an overriding lease, however, that term has a specific meaning in the… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • overriding lease — 1) A tenancy granted out of the reversion of an existing lease. The overriding lease must be for a longer term than the existing lease that it overrides. For the purposes of the Landlord and Tenant (Covenants) Act 1995 (1995 Act), a former tenant …   Law dictionary

  • Ground rent — A ground rent, sometimes known as a rentcharge or a chief rent in North West England, see [http://www.gos.gov.uk/gonw/PeopleSustainableCommunities/Housing/Rentcharges/ Government Office for the North West] Retrieved on 2008 02 06] is a regular… …   Wikipedia

  • Capitalization rate — (or cap rate ) is a measure of the ratio between the net operating income produced by an asset (usually real estate) and its capital cost (the original price paid to buy the asset) or alternatively its current market value. The rate is calculated …   Wikipedia

  • Crown Estate — This article is about British landholdings. For the vehicle, see Toyota Crown. The Crown Estate Statutory corporation overview Formed 1961 ( …   Wikipedia

  • reversion — re·ver·sion /ri vər zhən/ n [Anglo French, from Middle French, from Latin reversio act of turning back, from revertere to turn back] 1: the returning of an estate upon its termination to the former owner or to his or her successor in interest 2 a …   Law dictionary

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