A financial lease is a leasing arrangement where the lessor's role is mainly limited to financing the property, while the lessee takes on the responsibilities of maintenance, insurance, and taxes, resembling a loan in its structure.
A ground lease involves leasing land, usually on a long-term basis, to allow the lessee to develop property on that land.
Hangout refers to the remaining balance of a loan when the term of a loan exceeds the term of the lease of the property securing the loan.
A land lease, also known as a ground lease, is an agreement in which a tenant rents land for a specified period of time and has the option to construct buildings or other improvements on it. Unlike typical property leases, in a ground lease, the tenant usually gains control of the land and any developments for the lease term.
A long-term lease generally refers to a commercial lease of five years or longer, or a residential lease longer than one year. It involves a contractual agreement between a landlord and tenant for the use of a property for a prolonged period.
Subletting refers to the act of a tenant leasing out part or the entirety of a property to another party under the conditions of their own lease agreement with the landlord.
