Lease rate

Lease rate

The payment per period stated in a lease contract.

Lease Rate

In a leasing agreement, the interest rate. For example, when one leases a car, the bank or leasing company buys the car from the dealer, and lends its use to the driver until he/she pays back the purchase price plus some extra money. The extra money is the interest or lease rate. It is presented as a very small number, say .00220. One arrives at this number by dividing the APR by 2400. In this case, .00220 is the equivalent of a 5.28% interest rate. It is also called the money factor or simply the factor.
References in periodicals archive ?
Many lenders have underwritten the loan with lease rate assumptions that, if violated, could trigger a revaluation that may create more concerns for both the landlord and the lender.
Overall lease rates in Emirates Living have increased by 6 per cent year-on-year, with a two bedroom villa in the Springs which was achieving a lease rate of Dh70,000 to Dh85,000/unit/annum in Q1,2011, currently being offered in the range of Dh85,000 to Dh100,000/unit/annum - depending on the location and quality of the villa.
Despite static lease rate movement, landlords do now appear more open to incentivizing deals as they seek to avoid rising vacancy rates and maintain their headline rents.
The average lease rate increased a penny, to 66 cents a square foot.
H contends that he prepaid rent in 1992 to induce the landlord to agree to a below-market lease rate and to require no personal guaranty in his next lease.
The residences were financed under a synthetic lease arrangement with an initial lease rate of 9.
Compagnie Deutsch was pleased to get this bright corner, prestige space, with a direct entrance off the elevator lobby, for its North American headquarters at an attractive lease rate in the tightening New York market," Miller said.
Consistent with Realty Income's disclosure policy, the Company does not disclose the lease rate on an individual tenant transaction.
Woodland Hills showed the highest asking lease rate in the Valley, with a rate of $2.
Nasdaq: KRSC) announced today that the San Bernardino County Superior Court issued its decision regarding the water lease rate dispute between Kaiser and its leasee Cucamonga County Water District (CCWD).