TERMIUM Plus^®

Record 1,  Textual support,  English

Record number: 1, Textual support number: 1 CONT

A lease purchase is a written agreement between a landlord and tenant giving the tenant an option to purchase the property at some future point in time. The nature of this type of real estate transaction can vary a great deal because virtually all the terms of a lease purchase are negotiable.  1, record 1, English, - lease%20purchase

Record 1,  Textual support,  French

Record number: 1, Textual support number: 1 DEF

Convention financière de longue durée, en vertu de laquelle une société spécialisée (bailleur) met à la disposition d'un utilisateur (preneur), moyennant un loyer (souvent indexé), un immeuble à usage professionnel, avec promesse unilatérale de vente à l'expiration du bail et suivant des modalités diverses [...]  2, record 1, French, - cr%C3%A9dit%2Dbail%20immobilier

Record 1,  Textual support,  Spanish

Record 2,  Textual support,  English

Record number: 2, Textual support number: 1 CONT

The words "agrees to let or hire" are words of present demise when they are not coupled with other words which show that it was not intended to give them that effect, and when it is plain that no future lease was contemplated, they will operate as a present demise.(Williams and Rhodes, 5th ed., 1983, p. 3-23).  1, record 2, English, - words%20of%20present%20demise

Record number: 2, Textual support number: 1 OBS

words of present demise: term used in the plural in this context.  2, record 2, English, - words%20of%20present%20demise

Record 2,  Textual support,  French

Record number: 2, Textual support number: 1 OBS

termes de transport à bail actuel : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 2, French, - termes%20de%20transport%20%C3%A0%20bail%20actuel

Record number: 2, Textual support number: 2 OBS

termes de transport à bail actuel : terme utilisé au pluriel dans ce contexte.  2, record 2, French, - termes%20de%20transport%20%C3%A0%20bail%20actuel

Record 2,  Textual support,  Spanish

Record 3,  Textual support,  English

Record number: 3, Textual support number: 1 OBS

A lease to commence at a future date is usually called a "reversionary lease" and the term is applied both to a lease in reversion to a previous lease and a future interest without reference to any previous lease.(Williams, 4th ed., 1973, p. 112).  1, record 3, English, - reversionary%20lease

Record 3,  Textual support,  French

Record number: 3, Textual support number: 1 OBS

bail réversif : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 3, French, - bail%20r%C3%A9versif

Record 3,  Textual support,  Spanish

Record 4,  Textual support,  English

Record number: 4, Textual support number: 1 CONT

Where the future lease is to take effect on the termination of a present lease, the reversion and the right to distrain for the rent due under the present lease remain in the landlord.(Halsbury, 4th ed., Vol. 27, p. 95).  1, record 4, English, - present%20lease

Record 4,  Textual support,  French

Record number: 4, Textual support number: 1 OBS

bail actuel : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 4, French, - bail%20actuel

Record 4,  Textual support,  Spanish

Record 5,  Textual support,  English

Record number: 5, Textual support number: 1 CONT

A lease may be defined as a grant of the right to possession of the leased premises for a specified period of time commencing either immediately or at some ascertainable date in the future and ending at some point thereafter. A transaction is characterized as a lease rather than a grant when the owner or the grantor of the interest retains a "reversionary interest". In other words, possession of the leased premises reverts to the lessor on the termination of the lease. In order for the transaction to be characterized as a lease rather than a licence, the lessee's possession of the leased premises must be exclusive. If ultimate possession and control remain with the lessor, a licence rather than a lease will exist....("Real Estate and Landlord and Tenant", 1983-1984, p. 334)  1, record 5, English, - lease

Record 5,  Textual support,  French

Record number: 5, Textual support number: 1 OBS

L'équivalent «bail» s'emploie aussi pour rendre le sens métonymique de «lease», désignant le document qui constate la cession à bail.  2, record 5, French, - bail

Record number: 5, Textual support number: 2 OBS

bail, location à bail : termes normalisés par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 5, French, - bail

Record 5,  Textual support,  Spanish

Record 6,  Textual support,  English

Record number: 6, Textual support number: 1 DEF

A type of lease arrangement which provides that rent will vary depending upon future contingencies, such as the amount of traffic or gross income produced.(Black's, 5th ed., 1979, p. 628)  1, record 6, English, - graduated%20lease

Record 6,  Textual support,  French

Record number: 6, Textual support number: 1 OBS

bail à loyer variable : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 6, French, - bail%20%C3%A0%20loyer%20variable

Record 6,  Textual support,  Spanish

Record 7,  Textual support,  English

Record number: 7, Textual support number: 1 CONT

A future lease, or a reversionary lease, is a lease to take effect from a future date.(Halsbury, 4th ed., Vol. 27, p. 95).  1, record 7, English, - future%20lease

Record 7,  Textual support,  French

Record number: 7, Textual support number: 1 OBS

bail par anticipation : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 7, French, - bail%20par%20anticipation

Record 7,  Textual support,  Spanish

Record 8,  Textual support,  English

Record number: 8, Textual support number: 1 CONT

As a rule, where the agreement [for lease] contemplates the execution of a formal lease at a future time, especially where its future execution is conditional, the agreement is one for a lease and not a lease itself....(Ballentine, p. 53)  1, record 8, English, - formal%20lease

Record 8,  Textual support,  French

Record number: 8, Textual support number: 1 OBS

L'équivalent «bail solennel» s'emploie de préférence dans le cas d'un bail dont la forme est prévue par la loi. L'équivalent «bail en bonne et due forme» convient mieux dans le cas où il y a une opposition marquée entre un «agreement for lease» et le «formal lease» en question. En ce cas, on peut aussi parler de «bail proprement dit».  1, record 8, French, - bail%20solennel

Record number: 8, Textual support number: 2 OBS

bail solennel; bail en bonne et due forme : termes normalisés par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 8, French, - bail%20solennel

Record 8,  Textual support,  Spanish

Record 9,  Textual support,  English

Record number: 9, Textual support number: 1 CONT

A contract for a lease is an agreement enforceable in law whereby one party agrees to grant and another to take a lease. The expressions "contract for lease" and "agreement for lease" are usually interchangeable, but "contract for lease" is to be preferred as being more definite, agreement frequently meaning one of many stipulations in a contract. A contract for a lease is to be distinguished from a lease, because a lease is actually a conveyance of an estate in land, whereas a contract for a lease is merely an agreement that such a conveyance shall be entered into at a future date.(Woodfall, 27th, p. 132)  1, record 9, English, - contract%20for%20lease

Record 9,  Textual support,  French

Record number: 9, Textual support number: 1 OBS

contrat à fin de bail : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 9, French, - contrat%20%C3%A0%20fin%20de%20bail

Record 9,  Textual support,  Spanish

Record 10,  Textual support,  English

Record number: 10, Textual support number: 1 CONT

As a rule, where the agreement(for lease) contemplates the execution of a formal lease at a future time, especially where its future execution is conditional, the agreement is one for a lease and not a lease itself...(Ballentine, p. 53)  1, record 10, English, - agreement%20for%20lease

Record 10,  Textual support,  French

Record number: 10, Textual support number: 1 OBS

convention à fin de bail : terme normalisé par le Comité de normalisation dans le cadre du Programme national de l'administration de la justice dans les deux langues officielles (PAJLO).  2, record 10, French, - convention%20%C3%A0%20fin%20de%20bail

Record 10,  Textual support,  Spanish

Record 11,  Textual support,  English

Record number: 11, Textual support number: 1 DEF

A lease that, from the point of view of the lessee, transfers substantially all the benefits and risks incident to ownership of property to the lessee.  2, record 11, English, - capital%20lease

Record number: 11, Textual support number: 1 CONT

Normally, only assets which are legally owned by a company are recorded as fixed assets in their financial statements. Certain leases, however, are considered to be merely another means of financing the acquisition of an asset. In these cases, the lessee carries substantially all of the risks and benefits associated with property ownership. In those situations, the accounting profession has concluded that it is more appropriate to reflect the substance, rather than the form, of these transactions in financial statements. Consequently, leases of this type(referred to as capital leases) are recorded as if the lessee had actually acquired the asset and assumed a liability. The asset is recorded at its fair market value, and the liability is recorded as the present value of future lease payments.  3, record 11, English, - capital%20lease

Record number: 11, Textual support number: 1 OBS

Not to be confused with operating lease.  4, record 11, English, - capital%20lease

Record 11,  Textual support,  French

Record number: 11, Textual support number: 1 DEF

Du point de vue du preneur, contrat de location ayant pour effet de transférer au preneur pratiquement tous les avantages et les risques inhérents à la propriété du bien loué.  3, record 11, French, - contrat%20de%20location%2Dacquisition

Record number: 11, Textual support number: 1 OBS

Le bien loué figure à l'actif du bilan du preneur avec mention, au passif, de l'obligation correspondante prise en charge.  3, record 11, French, - contrat%20de%20location%2Dacquisition

Record number: 11, Textual support number: 2 OBS

Ne pas confondre avec contrat de location-exploitation.  4, record 11, French, - contrat%20de%20location%2Dacquisition

Record 11,  Textual support,  Spanish

Record 12,  Textual support,  English

Record number: 12, Textual support number: 1 CONT

Money-over-money lease transactions. In this structure, an enterprise manufactures or purchases an asset, leases the asset to a lessee, and obtains nonrecourse financing in excess of the asset's cost using the leased asset and the future lease rents as collateral.  2, record 12, English, - money%2Dover%2Dmoney%20lease%20transaction

Record 12,  Textual support,  French

Record number: 12, Textual support number: 1 DEF

Opération par laquelle une entité fabrique ou acquiert un bien, loue ce dernier à un locataire et obtient un prêt d'un montant excédant le coût du bien, sans autre garantie donnée que le bien loué et les loyers futurs [...]  1, record 12, French, - op%C3%A9ration%20de%20surfinancement%20sur%20bail

Record 12,  Textual support,  Spanish

Record 13,  Textual support,  English

Record number: 13, Textual support number: 1 DEF

A lease providing that the rental shall be increased or "stepped up" at the end of various stipulated periods in the future. Primarily, this type of lease is brought about by the insistence of the lessor to participate in expected future increased earning power of the property. However, this type of lease may be entered into in order to provide a lower rental during the early life of the lease to enable the lessee to build up his business, become established and lessen the possibility of failure. Although seldom used, there is a reverse or "stepdown" lease, which provides for higher rents during the first periods of the lease and lower rents during the latter periods.  2, record 13, English, - step%2Dup%20lease

Record 13,  Textual support,  French

Record number: 13, Textual support number: 1 DEF

Bail qui prévoit une augmentation progressive, ou «par tranches», du loyer à l'expiration de différentes périodes déterminées. Ce genre de bail est consenti afin de permettre au locataire, grâce au loyer moins élevé exigé au début du bail, de se créer une clientèle, d'établir son entreprise et de diminuer ainsi les risques d'insuccès. Même si la formule est rarement utilisée, un bail peut aussi contenir une clause à loyer «dégressif», laquelle prévoit un loyer plus élevé au début du bail et moins élevé pour les dernières périodes.  2, record 13, French, - bail%20%C3%A0%20loyer%20progressif

Record 13,  Textual support,  Spanish

Record 14,  Textual support,  English

Record number: 14, Textual support number: 1 CONT

many companies lease now in face of probable future price hikes.  1, record 14, English, - lease

Record 14,  Textual support,  French

Record number: 14, Textual support number: 1 OBS

Crédit-bail : technique particulière de financement des investissements. Elle consiste à transférer la charge de l'immobilisation à une institution financière.  1, record 14, French, - avoir%20recours%20au%20cr%C3%A9dit%2Dbail

Record 14,  Textual support,  Spanish

Record 15,  Textual support,  English

Record number: 15, Textual support number: 1 OBS

Durability of income looks to the degree of its permanence and stability over the future economic life of a building. A net income that will probably fluctuate periodically over the years is less desirable and has more risk than a net income held under a strong, long-term net, net lease.  1, record 15, English, - durability%20of%20income

Record 15,  Textual support,  French

Record number: 15, Textual support number: 1 OBS

La durabilité du revenu se définit donc en fonction de sa stabilité. Un revenu qui fluctue avec les années attire moins les investisseurs qu'un revenu fixé par un bail à long terme.  1, record 15, French, - durabilit%C3%A9%20du%20revenu

Record 15,  Textual support,  Spanish