perpetual lease

Definition of "perpetual lease"
  1. This is a type of lease that can be continued indefinitely, according to the choice of the person renting the property
How to use "perpetual lease" in a sentence
  1. The company entered into a perpetual lease for the building, ensuring long-term stability for their operations.
  2. Under a perpetual lease agreement, the tenant could legally occupy and use the land indefinitely.
  3. With a perpetual lease, property owners can receive a steady rent income indefinitely.

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