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 ?
The estimates are based on agreed lease rates in the CPA and certain assumptions and estimates for future market lease rates related to new and extended leases under the CPA as at January 1, 2019.
This is no longer the case as lease rates in the area have gone up.
In comparison, the first quarter of 2018 showed average asking lease rates of $4.52 per square foot.
Overall, lease rates continued to rise as vacancy declined over the past year, with an average asking rate for off-campus and on-campus medical properties of $16.26 (triple net) and vacancy at 7.20% (as of June 30, 2018).
While new variants will pressure current aircraft values and lease rates, mitigants exist.
The average asking lease rates across the corridor at the end of the third quarter was $4.70 per square foot, up 18 cents since the beginning of the year.
Long-term lease rates for standard dry equipment leapt by over 50 percent in 2017, having begun their recovery the year before as the Hanjin bankruptcy left large quantities of equipment impounded and therefore out of the market.
Lease rates, she said, reached P860 per sq m, a price far higher than the company expected when it planned the property some three years ago.
"The CBD remains in the third phrase of a recession as vacancy rates continue to be stagnant and lease rates continue to be stagnant," Turner said in the Integra Viewpoint 2018 report, aggregate commercial real estate sales data prepared from appraisal reports.
He added that during his tenure as member, he had pleaded with the CDA board to review the lease rates but the process could not be carried out due to political pressure.
The lease rates in the apartment sector in Jeddah achieved a y-o-y growth of 8.3%, while in Riyadh this indicator reached 3%, stated PKF Consulting, an international firm of management consultants and industry specialists.
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.