commercial lease
commercial lease 商业租赁 为商业目的进行的租赁。
A lease for business purposes. [Cases: Landlord and Tenant 20. C.J.S. Landlord and Tenant §§ 27, 202(1, 2, 3, 4, 5, 9, 10), 203.]
commercial unit. A unit of goods that by commercial usage is a single whole for purposes of lease and whose division materially impairs its character or value in the relevant market or in use. UCC § 2-105(6). • Under the UCC, “a commercial unit may be a single article (as a machine) or a set
A long-term (usu. 99-year) lease of land only. • Such a lease typically involves commercial property, and any improvements built by the lessee usu. revert to the lessor. — Also termed ground-rent lease; land lease. [Cases: Estates in Property 13. C.J.S. Estates §§ 159–192.]
consumer lease 消费租赁 消费品的租赁,也可适用于住宅租赁,相对于商业租赁〔commercial lease〕。美国《统一商法典》〔U.C.C.〕将其定义为从事正规租赁及出售业务的出租人与承租人(非组织),主要为个人或家庭使用目的建立的租赁关系。美国《联邦消费租赁法》〔Federal Consumer Leasing Act〕对消费租赁合同的条款披露作了规定,该法现已并入《联邦真实贷款法》〔Federal Truth in Lending Act〕。
A fixed-term lease used by a business to finance capital equipment. • The lessor’s service is usu. limited to financing the asset, and the lessee pays maintenance costs and taxes and has the option of purchasing the asset at lease-end for a nominal price. Finance leases strongly resemble security agreements and are written almost exclusively
Uniform Computer Information Transactions Act. A model law that regulates software licensing and computer-information transactions. • The Act draws on contract law and the Uniform Commercial Code to create a regulatory scheme for licensing, rather than sales or lease, transactions. Among other things, UCITA applies to contracts for the licensing or purchase of software, contracts
uniform computer information transactions act Read More »
Goods that are normally used in more than one jurisdiction (such as shipping containers and road-construction machinery) and that are held by the debtor as equipment or leased by the debtor to others. • Under previous drafts of the Uniform Commercial Code, the procedure for perfecting a security interest in mobile goods was generally defined
most-favored-tenant clause. A commercial-lease provision ensuring that the tenant will be given the benefit of any negotiating concessions given to other tenants. [Cases: Landlord and Tenant 39. C.J.S. Landlord and Tenant § 234.]
most favored tenant clause Read More »
recapture clause. 1. A contract provision that limits prices or allows for the recovery of goods if market conditions greatly differ from what the contract anticipated. 2. A commercial-lease provision that grants the landlord both a percentage of the tenant’s profits above a fixed amount of rent and the right to terminate the lease —