reappraisal lease

reappraisal lease definition - business

reappraisal lease

A lease agreement that includes an adjustable lease payment in accordance with scheduled independent reappraisals of the property's value.

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.

Comments
Improve this definition.
Do you have more to add? Share your linguistic knowledge or observation.
/Register to save your comments.