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)}
Long-term leases must be registered in the Real Property Register in the Dubai Land Department (the 'DLD') pursuant to the requirements of Article 9 of Dubai Law No.
BOC has also entered into long-term leases with an undisclosed airline for two of the jets.
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%.
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., a 400,000 s/f Class-A office building located in East Brunswick, N.J.
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.
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.
Other foreign operators wishing to purchase or take long-term leases of premises in Dubai are restricted to designated areas ("Investment Areas") where laws allow foreigners a broad range of property ownership rights albeit subject to certain restrictions.
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.

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