Long-term lease definition

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 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 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 a lease which has a term of or in excess of 20 years.

Long-term lease means any lease granting a Long-term Leasehold Interest with respect to any Property.

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 having an original term, including any period which the lease may be renewed or extended, at the option of the lessee, of more than three (3) years.

Long-term lease means a lease for a fixed period of more than [31] 30 days.

Long-term lease means a lease of longer than 30 years under

Long-term lease means a lease for a period of 30 days or more.