Long-term lease means a lease term of at least 27.5 years for a residential resource or at least 31.5 years for a nonresidential resource.
Long-term lease means any lease (other than any Capital Lease) of real property or Revenue-Generating Equipment having an original term (including any required renewals or any renewals at the option of lessor) of one year or more.
Long-term lease means an agreement between a member and a continuing care community whereby the member has the right to occupy a space for more than 1 year but not for the life of the member.
More Definitions of Long-term lease
Long-term lease means any lease granting a Long-term Leasehold Interest with respect to any Property.
Long-term lease means a lease which has a term of or in excess of 20 years.
Long-term lease means an agreement between a purchaser and a facility whereby the purchaser pays a fee for the right to occupy a space in the facility for at least 1 year, but for less than the life of the purchaser.
Long-term lease means any lease of real or personal property (other than a Capitalized Lease) having an original term, including any period for which the lease may be renewed or extended at the option of the lessor, of more than three years.
Long-term lease means any lease of real or personal property (other than a Capitalized Lease) which provides for an original term (including any period for which the lease may be renewed or extended at the option of the lessor) of more than three years.
Long-term lease means a lease for a period of 30 days or more.
Long-term lease means a lease for a fixed period of more than [31] 30 days.