head lease

head lease
The main or first lease, out of which sub-leases may be created. For example, if A grants a 99-year lease to B and B then grants a 12-year lease of the same property to C, the 99-year lease is the head lease and the 12-year lease is a sub-lease.

Accounting dictionary. 2014.

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Look at other dictionaries:

  • head lease — A lease held directly from the freeholder and subject to one or more underleases. It is sometimes called a head lease. Related links freehold passing rent Practical Law Dictionary. Glossary of UK, US and international legal terms.… …   Law dictionary

  • head lease — The main or first lease, out of which sub leases may be created. For example, if A grants a 99 year lease to B and B then grants a 12 year lease of the same property to C, the 99 year lease is the head lease and the 12 year lease is a sub lease …   Big dictionary of business and management

  • assignment of lease — The transfer of a lease by the tenant (assignor) to some other person (assignee). Leases are freely transferable at common law although it is common practice to restrict assignment by conditions ( covenants) in the lease. An assignment that takes …   Accounting dictionary

  • assignment of lease — The transfer of a lease by the tenant (assignor) to some other person (assignee). Leases are freely transferable at common law although it is common practice to restrict assignment by conditions (covenants) in the lease. An assignment that takes… …   Big dictionary of business and management

  • sub-lease — See head lease …   Big dictionary of business and management

  • Lend-Lease — (Public Law 77 11) [http://books.google.com/books?id=hUoIaQqipboC pg=PA28 Crossed Currents By Jean Ebbert, Marie Beth Hall, Edward Latimer Beach] was the name of the program under which the United States of America supplied the United Kingdom,… …   Wikipedia

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  • Claws in the Lease — Looney Tunes/Sylvester series Directed by Robert McKimson Produced by David H. DePatie (unc.) Story by …   Wikipedia

  • Lend Lease Communities — (trading as Lend Lease) Type Division Industry Property Development Founded Adelaide, Australia, 1958 …   Wikipedia

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