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Lease and release

   Also found in: Legal, Wikipedia 0.01 sec.
a mode of conveyance of freehold estates, formerly common in England and in New York. its place is now supplied by a simple deed of grant.
- Burrill.
(Law) See under Lease.

See also: Lease Release



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8) Continuing to relax other of the five assumptions, Figure 3 assumes that rental step-ups occur in years 3, 7, and 11, or that the tenant has a 4-year lease and releases the space using a 4% compounded rental growth rate without annual escalations.
 
 
 
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