leased fee

leased fee definition - business

leased fee

An interest in real property encumbered by a lease. A leased-fee interest allows the lessor to receive rent payments for the length of a lease and to have the property returned at the end of the lease.

The American Heritage® Dictionary of Business Terms Copyright © 2009 by Houghton Mifflin Harcourt Publishing Company. Published by Houghton Mifflin Harcourt Publishing Company. All rights reserved.

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