Long-Term Lease

(redirected from Long-Term Leases)

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 periodicals archive ?
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.
com enables homeowners facing foreclosure to create leverage for modification by entering into long-term leases for their homes.
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.
This transaction demonstrates Mack-Cali's firm commitment to building value by securing long-term leases with high credit-quality tenants.
The Winter Organization has announced that its 320,000-square-foot office property at 423 West 55th Street has recently inked three long-term leases totaling approximately 75,000 s/f.

Full browser ?