long-term lease

long-term lease definition - business

long-term lease

A lease of ten years or longer. Long-term leases are common in commercial real estate, but unusual in residential real estate.

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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