Estate for Years definition

Estate for Years means that the lessor is in a lease agreement that is non-renewable after the expiration of the original lease. T or F
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Estate for Years means that the lessor is agreeing to a lease that continues for a specific period of time. T or F
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Estate for Years means the estate for years owned by Owner in a particular Land Parcel, for a term expiring April 30, 2019.
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Examples of Estate for Years in a sentence

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety-nine (99) years from the date of recording this Rotational Ownership Agreement.

  • The parties entered into an “Option and Estate for Years Agreement” for each of the twenty-nine properties.On September 26, 1991, Tramlaw and WLM executed an “Option and Estate for Years Agreement” concerning property in Covington, Louisiana (the “Agreement”), at issue in this case.

  • The deed conveying Tract 5N reserved “an easement as long as [the Cumberland Island Holding Company] owns real property or an Estate for Years on Cumberland Island, Georgia, for its invitees, licensees, and assigns, to use the roads, dock, and airstrip.”In 1972, Congress established the Cumberland Island National Seashore.

  • This type of transaction would be an Estate for Years transaction for 80 years (property sale that reverts back to ECU), followed by 19-year ground lease option negotiated in year 70, so historical tax credits can be used and monetized by the developer.

  • Estate for Years Exclusive right to possess, occupy or rent said Unit during a defined Use Period for a period of ninety- nine (99) years from the date of recording this Rotational Ownership Agreement.

  • The aggregate purchase price for the Estate for Years, the fee interest in the improvements and the Remainder Interest will be the fair market value of the Property.

  • Secondly, with respect to the transfers of the Estate for Years in the land and the fee in the improvements, the consideration to the Master Lessor for the Lease, which includes the Option to Purchase, is the present value of the lease payments.

  • Finally, if Metromedia exercises its purchase option to purchase the Estate for Years and the fee in the improvements, the original purchase price of the Master Lessor on this transfer will be the amount the Master Lessor paid for these interests when he acquired them, plus the cost of any capital improvements made by the Master Lessor to the property after the granting of the lease; plus the gain recognized, if any, by the Master Lessor on the Lease.

  • A copy of the Second Amendment to Agreement is included in the Joint Appendix as Exhibit 4.On January 11, 2018, LBV sent Headquarters a letter (the “January 11 Letter”) stating that it was “considering marketing” its Estate for Years for sale, with an asking price in the range of $80 million to $93 million (defined, in the January 11 Letter as the “Expected Range”).4 January 11 Letter at 1.

  • On or about June 24, 2002, Headquarters entered into the Estate for Years Agreement with LBV’s predecessor in interest, Berkeley Hotel Associates, LLC (“Berkeley”), pursuant to which Headquarters granted Berkeley a 129 year estate in the Premises (the “Estate for Years”).


More Definitions of Estate for Years

Estate for Years means that the lessor is agreeing to a lease that continues for a
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Estate for Years has the meaning set forth in Recital C of the Agreement.
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Estate for Years has the meaning set forth in Recital C of the Agreement. Exhibits means all exhibits, riders, and other attachments to the DB Documents, including without limitation Volume 1, Volume 2, and Volume 3, as well as, any of the aforementioned, which are incorporated into any DB Documents by reference, and all amendments, modifications, and supplements thereto.
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Estate for Years means an estate for years in the Property, granted pursuant to deed by Lessee to Island Headquarters Operators LLC, dated as of the Effective Date, commencing on the Effective Date and expiring on the day immediately prededing the twenty seventh (27th) anniversary of the Effective Date, unless sooner terminated by operation of law or otherwise (the “Estate for Years Expiration Date”).
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Related to Estate for Years

  • Graduates Available for Employment means the number of graduates minus the number of graduates unavailable for employment.

  • Calendar Year means each successive period of twelve (12) calendar months commencing on January 1 and ending on December 31, except that the first Calendar Year of the Term shall commence on the Effective Date and end on December 31 of the year in which the Effective Date occurs and the last Calendar Year of the Term shall commence on January 1 of the year in which the Term ends and end on the last day of the Term.

  • Graduates Unavailable for Employment means the graduates who, after graduation, die, become incarcerated, are called to active military duty, are international students that leave the United States or do not have a visa allowing employment in the United States, or are continuing their education in an accredited or bureau-approved postsecondary institution.

  • Adoption Date means the date the Plan is first approved by the Board or Compensation Committee.

  • Planning Period Balance means the entire period of time remaining in the Planning Period following the month that a monthly auction is conducted.