Institutional lease | Practical Law

Institutional lease | Practical Law

Institutional lease

Institutional lease

Practical Law UK Glossary 8-107-6274 (Approx. 2 pages)

Glossary

Institutional lease.

A lease that is in a form acceptable to an institution, such as a pension fund or insurance company, as an investment. Traditionally a full repairing and insuring (FRI) lease with upwards only rent reviews.