Openend Lease


Definition of "Open-end lease"

Janice Hall Singh
Janice Hall Singh Keller Williams Realty Cathy's Home Team

A lease contract providing for a final additional payment on the return of the property to the lessor, adjusted for any value change.

Have a question or comment? We're here to help.

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

 

Popular Real Estate Terms

Heirs

Individuals who are legally entitled to inherit money and property when someone dies. ...

Caveat Actor

If action is undertaken in conformity with contractual provisions, legal responsibilities arise. The concept is that the person taking action must bew ...

Lateral

Same as term lateral support: The right of a landowner to have lateral land support from adjacent properties. The right of lateral and subjacent suppo ...

Tax Flaw

Defect in the tax law that either may provide a loophole to minimize the tax payment or result in higher taxes than there should be. ...

Flagstone

Flat irregularly shaped stones, ranging from 1 to 4 inches thick, used for terrace or loan walkways. ...

Index

In real estate, the basis to set an adjustable rate mortgage, such as a 6-month certificate of deposit (CD) rate, cost of funds index, or prime rat ...

Popular Real Estate FAQ

What Is An Index?

An index is an economic indicator used to set the rate for adjustable-rate mortgages. ...

What Is A VA Loan?

A VA loan is a type of loan available to veterans and guaranteed by the Department of Veterans\' Affairs. ...

What Is Title Insurance?

Title insurance is insurance that protects the lender and buyer against any losses incurred from disputes over the title of a property. ...

What Is A Housing Ratio?

A housing ratio is the percentage of your housing payment (principal, interest, taxes, and insurance) to your monthly gross income. Lenders use this r ...

What Are Discount Points?

Discount points are a type of point paid by the borrower to reduce the interest rate. ...

What Is An Agent?

A person authorized to work on anothers behalf-for instance, a person authorized to sell or buy a house on your behalf. ...

Read why Real Estate Agent rates 5 Stars in 10 Agent Reviews
Read Reviews

Agents join here
Add our widget on your Website

Real Estate Advice

Is a Home Equity Loan Right For Me? What is Escrow and how does it Work? 7 Things to Consider Before Moving to a New City Acts of God House Flipper Investing: Is This a Thing? What is Hazard Insurance?

FAQ

What are the benefits of Business Owners Insurance? What is a sales contract? What do I need to know about Managed Care Insurance: HMO, PPO, & and POS plans? Do I need flood Insurance? What are basis points?