A contract between an owner of real estate and the tenant which states the considerations and conditions upon which the tenant may occupy and use the property, as well as the responsibilities of both owner and tenant. If for a period of over one year, to be legally enforceable, the lease must be in Writing.

A worker leased from another organization on a long-term basis.

A property held under tenure of lease. A property consisting of right of use and occupancy of real property by virtue of lease agreement.

Value of rights given by a favorable lease, determined by finding the difference between the rental value of the property at current rates and the rent payable under the terms of the lease. This amount is multiplied times the remaining term of the lease.

the insurable interest is that of a tenant who has some years remaining under a favorable lease that is subject to termination upon significant damage to the leased property.

A form of commercial property coverage. If a lease is broken due to property damage stemming from a peril specified in the contract, the difference between the amount of rent paid and the total rental value is paid for the term of the lease.

The loss to a tenant, in case a building is damaged, or a valuable lese under which the rental value exceeds the rent.

Consequential property insurance in which the value of a lease is lost because of the occurrence of an insured-peril loss.

Property insurance form that covers the loss of lease income due to damage to the property caused by an insured peril.

A form of capital redemption Policy.