Define: Corporate Lease
Corporate Lease means an agreement where an entity rents residential or commercial units from a borrower for subleasing to subtenants.
Corporate Lease means an agreement where an entity rents residential or commercial units from a borrower for subleasing to subtenants.
Relevant Circumstances
- Entity intends to rent space but not occupy it entirely or permanently
- Entity needs flexibility to sublease some units to different tenants
- Borrower prefers to lease properties to entities as opposed to individual lessees