Reappraisal Lease
Barron's Business Dictionary:
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Reappraisal Lease
lease where the rental level is periodically reviewed by independent appraisers. Often lessor and lessee will each select an appraiser; if they do not agree on a value, they will choose a third appraiser.
| Realwages, Realtor, Realtist | |
| Reasonable Care, Reasonable Man or Reasonable Person, Reasonable Time |
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Reappraisal Lease
Barron's Real Estate Dictionary:
Top
Reappraisal Lease
A lease where the rental level is periodically reviewed by independent appraisers . Often, the lessor and lessee will each select an appraiser; if they do not agree on a value, they will choose a third appraiser.
Example: In the 20-year reappraisal lease, Big Buy Foods agrees to pay the landlord an annual rent of 9% of the property value. Every 5 years the property will be reappraised to determine the rent.
Example: In the 20-year reappraisal lease, Big Buy Foods agrees to pay the landlord an annual rent of 9% of the property value. Every 5 years the property will be reappraised to determine the rent.
| Realtor.com, Realtor -Associate | |
| Reassessment, Rebate |
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Barron's Business Dictionary
Dictionary of Business Terms. Copyright © 2007 by Barron's Educational Series, Inc. All rights reserved.
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