Rental lease

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Rental lease

Rental Lease

A lease whereby the lessee pays a certain amount of rent in exchange for use of a property; in exchange, the lessor agrees to provide maintenance and insurance for the property. It is also called a full-service lease.
References in periodicals archive ?
There will be a lot of small winners and a few big losers if stamp duty changes to rack rental leases announced in the Budget come into force.
At the moment, stamp duty on rack rental leases is based on the rental and the period of the lease.
It is also true that rack rental leases have got off lightly recently.
Given the long term nature of the Port's rental leases and the resulting inability to rapidly change rates in response to unanticipated operating expenses, it is crucial that all planned and some additional rental revenue sources materialize by fiscal 2005.
These assets, 90% of which are occupied under rental leases, represent a net value of FRF 3.

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