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n 1. a conveyance of lands or tenements to a person for life, for a stated number of years, or at will, in consideration of rent or some other recompense.
2. any agreement that gives rise to a landlord and tenant relationship.
References in periodicals archive ?
A 10-year lease agreement for 4,222 square feet with Iris Salon in its shopping center in Seaford, Long Island.
New leasings include: four Embraer 190s to Bulgaria Air with deliveries scheduled for March, April, June, and November 2012; an additional new Airbus A330-300 to Asiana Airlines (Korea), for delivery in September 2012; a 12 year lease agreement with Garuda Indonesia Airlines for an Airbus A330-200; and a Boeing 737-800 (MSN 32919) on a long term lease to Caribbean Airlines Limited.
The average term of lease agreements for new aircraft signed during the first half of 2010 was 138 months.
Ultimately, in the current climate whether you are a landlord or tenant there is good reason to carefully review the lease agreements you might have.
Clarkson Insurance Agency recommends a legal review of all lease agreements before committing to any legal arrangement.
If the cumulative rent under the lease agreement exceeds $250,000 and the rents are increasing, the lease agreement may be ignored and the income to the landlord and the deductions to the tenant determined by the present value of future lease payments.
The webinar is led by an expert on negotiating and drafting commercial lease agreements, Benjamin Kursman, and focuses on:
Under a triple-net lease agreement, the tenant agrees to pay property operating expenses (taxes, maintenance and insurance) and a contractual monthly rent including escalation clauses.
467(b)(5)essentially provides that these safe harbors will apply only to disqualified leasebacks and long-term lease agreements, and not to leases that fall under the constant rental provisions by reason of a failure to allocate rents in the agreement to the periods covered.
The monthly income is supported by the cash flow from over 1,800 retail properties located in 48 states owned under long-term lease agreements with leading regional and national retail chains.
These transactions include new lease agreements as well as renewals and expansions, all a reflection of Reckson's ability to attract and to retain the region's leading businesses.
PALMDALE - The owners of six businesses in two shopping centers have filed a lawsuit, saying their landlord violated lease agreements by retroactively imposing thousands of dollars in maintenance fees.