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39 Results for Tag: lease

Implicit Rental Rate

Implicit Rental Rate What is 'Implicit Rental Rate' The opportunity costs that a firm incurs as a result of using their own assets for ongoing operations instead of other alternative uses.

Implied Warranty Of Habitability

Implied Warranty Of Habitability What is 'Implied Warranty Of Habitability' An unstated guarantee that a rental property meets basic living and safety standards. When a tenant rents an apa

Implied Warranty

DefinitionIn common law jurisdictions, an implied warranty is a contract law term for certain assurances that are presumed to be made in the sale of products or real property, due to the cir

Abandonment Clause

Abandonment Clause What is 'Abandonment Clause' A clause in a property insurance contract that, under certain circumstances, permits the property owner to abandon lost or damaged property

Accelerated Payments

Accelerated Payments What is 'Accelerated Payments' A term associated with making additional unscheduled payments on a loan at predetermined, or random intervals. Making additional unsched

Lease

DefinitionA lease is a contractual arrangement calling for the to pay the lessor for use of an asset. Property, buildings and vehicles are common assets that are leased. Industrial or busine

Sandwich Lease

Sandwich Lease What is 'Sandwich Lease' A lease in which a party rents property from the property owner and then subsequently leases it out to another tenant. In a sandwich lease, the prim

Cancellation Provision Clause

Cancellation Provision Clause What is 'Cancellation Provision Clause' It is a provision in an insurance policy that permits an insurer or an insurance company to cancel a property and casu

Cancelable Insurance

Cancelable Insurance What is 'Cancelable Insurance' This is insurance that may be canceled, at any time, by the insured party or by the insurance company. Aside from life insurance, most i

Farmout

Farmout What is 'Farmout' Farmout is the assignment of part or all of an oil, natural gas or mineral interest to a third party. The interest may be in any agreed-upon form, such as explora
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