Sandwich Lease
Definition of "Sandwich lease"
The lessee becomes a lessor by subletting the property to a third party. Typically, the sandwich leaseholder does not own or use the property.
Popular Real Estate Terms
Certificate usually granted by a jurisdictions building department certifying a specified premise has satisfactorily complied with all zoning and building ordinances. This certification is ...
Lease where, in addition to the rent, the lessee pays the taxes, insurance, and maintenance. As a guarantee for the lessor, the lessee posts a bond payment equivalent to one year's tax, ...
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