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A Lease can be defined as a contract where a party being the owner (lessor) of an asset (leased asset) provides the asset for use by the lessee at a consideration (rental), either fixed or dependent on any variables, for a certain period (lease period), either fixed or flexible, with an understanding that at the end of ...
Construction Agreements means agreements to which Tenant is a party for Construction Work, rehabilitation, alteration, repair, replacement or demolition performed pursuant to this Lease.
What Is a Build-to-Suit Lease? A build-to-suit lease (BTS) is a type of commercial real estate agreement in which a business commissions a real estate developer to build a commercial property without putting forth any capital.
Capital Lease, Operating Lease, Sale and Leaseback and Leveraged Leasing are the four primary types of leases. In a capital lease, the lessor commits to hand over ownership of the leased asset to the lessee at the end of the lease term. Long-term and non-cancelable in nature, capital or finance leases.
A building lease is a legal contract used by landlords and tenants to formally agree on the rental terms of commercial buildings that are used for office, industrial, or retail purposes. They are also used for commercial properties like warehouses, restaurants, and medical facilities.
A reverse build-to-suit is like a build-to-suit in that the landlord still buys the land and retains ownership of it, but the tenant fills in the role of the developer. The landlord still pays for the construction but the tenant uses his own real estate and development resources.