Real Estate Leasing

Terminology

Real estate leasing or property leasing encompasses the usage of real estate or property on the basis for pure outside financing where the leasing company purchases property (from the lessee or another party), builds on it to meet the needs of the lessee and allows the lessee to use the turnkey facility against payment of a leasing fee for its intended purpose.   

Synonyms

• land leasing
• property leasing
• lease back

In foreign languages

• In French:
  • Leasing immobilier
• In Italian:
  • Leasing immobile
• In German:
  • Immobilien Leasing
  • Liegenschaften Leasing

Defintions

Real estate rental tenancy

=   Real estate usage against the payment of rent on the basis of an obligatory contractual relationship 

Tripple net rental or lease arrangement

= property use by the lessee, which guarantees a property owner a net rental fee through the lessee’s (tenant’s) payment of the 1) rental fee connected to the property, 2) the operating costs, and (3) the maintenance and repair costs.

Double net rental or lease arrangement

=   property use by the lessee, which guarantees a property owner a net rental fee through the lessee’s (tenant’s) payment of the 1) rental fee connected to the property and 2) the operating costs but not the maintenance and repair costs.

Rights of use

=   usage right (on the basis of an obligatory agreement or as an easement or encumbrance)

Building rights

=   the right to build and allow to remain in place

Property purchase

=   acquisition of real estate as owned property