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lease
(redirected from leasable)

   Also found in: Dictionary/thesaurus, Medical, Legal, Idioms 0.04 sec.
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.


Lease

lease
An agreement that permits one party (the lessee) to use property owned by another party (the lessor). The lease, which may be written either for a short term or for a long term, often results in tax benefits to both parties. See also capital lease, gross lease, leveraged lease, net lease, operating 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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