Long-Term Lease

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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)}
Signed long-term leases for two new B777-300ERs with Philippine Airlines (PAL) in March and delivered the aircraft on schedule in December, marking the successful conclusion of Intrepid's 2014 purchase commitment with Boeing;
Air Lease delivered two new A330-200s to Air China on long-term leases during the second half of 2011.
CBRE announced today that three long-term leases have been signed at Two Tower Center Blvd.
Under the long-term leases Southern Air will use two 747-400SF aircraft owned by Aircastle.
Frankly, that's not our recent experience My firm has recently helped many companies take advantage of the best leasing market in 20 years to upgrade their position and structure long-term leases, Leading New Hampshire small businesses like Image 4, Second-wind Water Systems, Millyard Communications, ADS Environmental, Lifeshare and others all recently grew into larger lease space, or relocated to upgrade real estate positions, with long-term leases.
Friendly has taken long-term leases on all the properties, according to local news media.
He pointed out how the economic slowdown and efforts to rebuild downtown Manhattan could make 2002 a good year to lock in long-term leases at low rates.
He also worked with Goldman Sachs and Westfield officials, who have offered long-term leases to several other small businesses.
Long-term leases with large, national tenants minimize investment risk and allow transactions to be structured with an attractive return on the investor's invested equity.
The site, which is just off the northwest corner at Third Avenue, is near two major residential-retail developments under construction on East 86th Street, where Barnes & Noble and the fashionable Swedish retailer H&M both recently signed long-term leases for outlets of 55,000 and 30,000 s/f respectively.
GPT invests primarily in single tenant properties under long-term leases to the U.

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