Reappraisal Lease


Definition of "Reappraisal lease"

Donna Gentle
Donna Gentle Berkshire Hathaway HomeServices

lease computed as a percentage of the underlying appraised property value. Under the terms of a reappraisal lease, the rent is periodically adjusted using an independent appraisal of the property. For example, a commercial reappraisal lease provides that the rental terms can be adjusted every three years based on an independent property appraisal.

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

 
 
 
*** Your email address will remain confidential.
 
 

Search Real Estate Terms

Popular Real Estate Terms

Popular Real Estate FAQ