lessee
101Sale-and-leaseback — A sale and leaseback [ [http://investorwords.com/4364/sale and leaseback.html sale and leaseback Definition ] ] is typically a commercial real estate transaction in which one party, often a corporation, sells its corporate real estate assets to… …
102Hewes v. M'Dowell — SCOTUSCase Litigants=Hewes v. M Dowell ArgueDate=April term ArgueYear=1762 DecideDate=April term DecideYear=1762 FullName=Lessee of Joseph and James Hewes v. Andrew M Dowell USVol=1 USPage=5 Holding=The Court held that the Copy of a Warrant of… …
103lessor — les·sor / le ˌsȯr, le sȯr/ n: a person who conveys the possession of real or personal property under a lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. lessor …
104tenant — ten·ant / te nənt/ n [Anglo French, from Old French, from present participle of tenir to hold, from Latin tenēre]: one who holds or possesses property by any kind of right: one who holds a tenancy in property; specif: one who possesses property… …
105finance lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. finance lease …
106ground rent — n 1: the rent paid by a lessee for the use of land esp. for building 2: a rent charge reserved to himself or herself or his or her heirs by the grantor of land in fee simple, on perpetual lease, or on lease for a renewable term of years ◇ Ground… …
107operating lease — see lease Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. operating lease …
108Bargain Renewal Option — A clause in a lease agreement that gives the lessee the option to renew or extend the original lease on an asset at rates well below market rates. The inclusion of such a clause would require the lessee to classify the lease as a capital lease… …
109Land Lease Option — An option within a lease contract that grants the lessee the right to extend the period of the lease beyond the original length of time. Usually, the lessee is required to pay a premium for the option, such as a small amount of money in each year …
110Lease Balance — The amount of money that a customer owes under the terms of a vehicle lease contract. The lease balance becomes important in two main situations. The first is in the event that a car is stolen and not recovered, is totaled in an accident or is… …
