cross lease
- a contract by which a block of flats or townhouses is held in joint ownership, with each unit leased from the group as a whole, usually as a way of bypassing planning restrictions
- place (a block of flats or townhouses) in joint ownership, with each unit leased from the group as a whole, usually as a way of bypassing planning restrictions
verb: cross-lease, 3rd person present: cross-leases, gerund or present participle: cross-leasing, past tense: cross-leased, past participle: cross-leased
-
- 釋義
名詞
- 1. a contract by which a block of flats or townhouses is held in joint ownership, with each unit leased from the group as a whole, usually as a way of bypassing planning restrictions many cross leases were created with buildings of different ages a cross lease property
動詞
- 1. place (a block of flats or townhouses) in joint ownership, with each unit leased from the group as a whole, usually as a way of bypassing planning restrictions decisions require the unanimous support of all owners where the properties are cross-leased
