Long-Term Lease

Long-Term Lease

A lease for longer than one, five or 10 years, depending on the specific asset being leased. For example, commercial property usually has long-term leases for five or more years, while residential property often carries long-term leases for more than one year. A long-term lease locks in the price one pays for the asset, which is usually advantageous because prices often trend upward. However, long-term leases offer little flexibility. For example, one may have to pay significant penalties if one cancels a long-term lease. One humorous example of a long-term lease is the Guinness brewery in Ireland, which Arthur Guinness rented for 9,000 years for 45 pounds per year.
References in classic literature ?
Caverly owned farms in Orange County that had been leased out for long periods (the lives of three persons named at the moment the lease was granted) but which were now about to revert to him--such long-term leases, in the Hudson Valley, led to the so-called anti-rent war that was breaking out at the time Cooper wrote this book; twelve and a half cents = an English shilling, still often used in conversation in America; nabobs = rich men (usually businessmen of recent affluence)}
It is important to note that the Tenancy Laws are not applicable to long-term leases and the Rental Dispute Settlement Centre does not have jurisdiction over long-term lease disputes.
Contract notice: long-term lease agreement for new vehicles with associated services (2 lots) reference number: 19c02 / 010-11
COUNCILLORS have approved granting a long-term lease to Pontypool RFC for their historic Pontypool Park ground, as the club aims to make it "the beacon of the town once more."
Uniti will acquire Bluebird's fibre network and then lease it back to Bluebird under a long-term lease. As part of the transaction, Bluebird will also acquire Uniti's Midwestern fibre business and receive a long-term lease over Uniti's Midwestern fiber network, which consists of approximately 2,500 miles of network predominantly in Illinois.
The length of long-term leases was decreased to 42 from 48 months during non-recessionary periods, while the assumed future short- and long-term lease mix is 55%/45%.
Caesars will continue to operate the Octavius Tower under the current long-term lease agreement relating to CPLV and will lease Harrah's Philadelphia from VICI pursuant to the existing long-term lease agreement relating to other domestic properties.
Delivered two new B747-8 Freighter aircraft on long-term lease to AirBridgeCargo Airlines (ABC) in March & September.
Heller, Avison Young, Principal and Managing Director of the company's New Jersey office, is announcing the firm arranged a new 50,000-square-foot long-term lease for Hitachi Chemical Advanced Therapeutics Solutions (HCATS), a fed global service provider specializing in cellular therapies, research, and development.
It is better if the foreign investors make a long-term lease agreement and invest in Macedonia --said Deputy-Minister for Economy Kristijan Delev
It purchased eight new Boeing 787-9 aircraft for lease to Vietnam Airlines (delivering in 2017 and 2018); purchased one 777-300ER from Macquarie Aviation on long-term lease to Emirates; one incremental Airbus A330-200 on long-term lease to KLM (delivering 2013); one A330-300 on long-term lease to Sichuan Airlines (delivering in 2013); a four-year extension from Sichuan on one A319 on lease from ALC; and one Embraer E-190 leased to LAM (delivering in 2012).
Friendly has sold the properties to subsidiaries of Realty Income Corp., a California-based company that specializes in buying retail properties and leasing them back to the original chains under long-term lease agreements.

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