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lease |
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Lease An agreement in which one party gains a long-term rental agreement, and the other party receives a form of secured long-term debt. Notes: The lessee gains a long term contract for the use of an asset, and the lessor is assured of regular payments for a specified number of years.See also: Capital Lease, Debt, Graduated Lease, Leaseback, Lessee, Lessor, Operating Lease, Synthetic Lease Lease
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4 million, or $82 per square foot of gross leasable area. 4 million square feet of leasable space located throughout 45 states, Canada, Mexico and Puerto Rico. Work on the interior renovation of the 11-story, 125,000 s/f building began November 2004, with completion scheduled for December 2005 for the Church's offices, and March 2006 for the lobby and leasable space. |
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