Open-End Lease: A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.

 

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Open-End Lease: A lease agreement that provides for an additional payment at the expiration of the lease to adjust for any change in the value of the property.

Partial Release Clause: A mortgage provision under which the mortgagee agrees to release certain parcels from the lien of the blanket mortgage upon payment of a certain sum of money by the mortgagor. The clause is . . . View Full Definition

Partial Release: Partial Release is a mortgage provision allowing some of the pledged collateral to be released if certain requirements are met.

Operating Lease: Short-term, cancelable lease. A type of lease in which the contact period is shorter than the life of the equipment, and the lessor pays all maintenance and servicing costs.

Percentage Lease: A lease, commonly used for commercial property, whose rental is based on the tenants gross sales at the premises. It usually stipulates a base monthly rental plus a percentage of any gross s . . . View Full Definition

Predatory Release: Occurs when a predator species is removed from a prey species such as by great reduction in the predators population size or by the migration of the prey species to an area without major pre . . . View Full Definition

Quick Release (Terminal): A means for securing a wire conductor to a terminal connector that permits easy attachment and removal. In the usual form, this will involve a spring-loaded clip, which needs only to be pres . . . View Full Definition

Proprietary Lease: A lease given by the corporation, which owns a cooperative apartment building to the shareholder for the shareholders right as a tenant to an individual apartment.

Press Release: A news announcement written by a property manager or advertising specialist highlighting a propertys features. Sent to local newspapers and real estate magazines to promote a property.

Open-Ended Hmos: HMOs which allow enrolled individuals to use out-of-plan providers and still receive partial or full coverage and payment for the professional's services under a traditional indemnity plan.