reappraisal lease

reasonable time

Definition

A lease where the rental level is periodically reviewed by independent appraisers. Often the lessor and lessee will each select an appraiser, and if they do not agree on a value, they will select a third appraiser.

Recommended Articles from InvestorGuide.com

Related Videos

Featured Advertiser

Nearby Terms

Tools
Email
Print
Cite
Link

Popular 'Lending & Credit' Terms

Browse by Letter: #A B C D E F G H I J K L M N O P Q R S T U V W X Y Z