prelease

prelease definition - business

prelease

To promote lease commitments prior to availability of the premises to be leased. For example, builders often prelease the space in a building as a condition for obtaining permanent mortgage financing.

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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