Lease rate

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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 ?
Asking lease rates continued to rise as vacancy declined over the past two years, with overall asking rates of $15.
On an annual basis, average lease rates increased by 2%.
On the other hand, the office market witnessed a further slowdown in the growth of lease rates, which is expected to continue due to demand constraints throughout 2016.
The slight increase in light industrial and warehouse space lease rates bolsters the notion that demand is beginning to overcome supply and will push for new development that has been sorely absent in our market for the last few years.
Sinking lease rates, weak crude prices and tough new safety measures for transporting oil by rail have spurred a resurgence in hauling ethanol on the US rail network, as some train companies convert tank cars to carry more corn-based biofuels.
Dubai -- Phidar Advisory has released its final Q4 research notes for the residential and office markets in Dubai, which show that residential prices in the last quarter of 2014 have decreased compared to the previous quarter, while office lease rates remained relatively unchanged.
Instead, it now intends to save that money and achieve improved lease rates by improving its vehicle residual values.
MANILA -- The state-controlled Philippine Charity Sweepstakes Office (PCSO) is seeking lower lease rates from lotto equipment service contractors, citing the need to boost available charity funds and to comply with directives from the government's oversight bodies to ensure a fair deal for the government.
Discounted lease rates are available, but landlords will strategically shorten the lease term as to not lock in the lower lease rates and miss out on the eventual improving economy and tightening supply-and-demand forces.
The residential villa market in Dubai experienced positive rental rate growth for the first time since 2008/2009, with average lease rates increasing by 3 per cent in Q1 this year from the previous quarter, a report said.
Lease rates during Q4 ranged between AED1,080 to 1,940/sqm/pa inclusive of service charges (office service charges typically range between AED160 to 270/sqm/pa depending on the development).
The real estate market of Muscat is expected to see a period of greater stability over the next 12 months with lease rates for all properties starting to level out, according to CB Richard Ellis.