Long-Term Lease

(redirected from Long Term Leases)

Long-Term Lease

A lease for longer than one, five or 10 years, depending on the specific asset being leased. For example, commercial property usually has long-term leases for five or more years, while residential property often carries long-term leases for more than one year. A long-term lease locks in the price one pays for the asset, which is usually advantageous because prices often trend upward. However, long-term leases offer little flexibility. For example, one may have to pay significant penalties if one cancels a long-term lease. One humorous example of a long-term lease is the Guinness brewery in Ireland, which Arthur Guinness rented for 9,000 years for 45 pounds per year.
References in periodicals archive ?
ALC also delivered two new A330-200s to Air China on long term leases during the second half of 2011.
Acquirer, leasor and seller of jet aircraft Aircastle Limited (NYSE:AYR) on Tuesday announced it has entered into long term leases with Southern Air Holding Inc.
Mindset Media leased 2,880 s/f and Buttoned Up leased 2,000 s/f from Diamond Properties in long term leases at 828 South Broadway, Tarrytown, NY.
ADL Data Systems signed a long term lease for 9,500 s/f at 9 Skyline Drive, Hawthorne, NY.
Orkin Pest Control signed a long term lease for 2,500 s/f at 2 Westchester Plaza, Elmsford, NY.
International Integrated Solutions made a long term lease at the Westchester Industrial Complex, Buchanan, NY.
FlexTIC's ownership of single-tenant, triple-net leased properties, with long term leases provides an inventory from which investors can choose a co-ownership, tenant-in-common or "TIC" interest.
It is newer; it is under long term leases to the United States of America; it is occupied by an essential agency; the leases have a high probability of renewal; and, it provides an at or above market ROI," said Thomas D.
By signing long term leases for metropolitan dark fiber and having AGLN construct the laterals, we feel much more comfortable meeting the demand for low priced, high bandwidth Internet connectivity in Atlanta.
LeClair, Chairman, President and CEO of Echelon, "We are excited to have secured these long term leases.