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- Clapham, Eric
(författare)
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Leases with Upward Only Characteristics
- 2004
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Ingår i: Journal of Property Research. - : Taylor & Francis (Routledge): SSH Titles. - 1466-4453 .- 0959-9916. ; 21:1, s. 31-49
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Tidskriftsartikel (övrigt vetenskapligt/konstnärligt)abstract
- This paper considers a class of leases with indexed rents subject to a floor. Such leases have an upward-only flavour to them, although not in exactly the same sense as in the traditional upward-only institutional lease. After deriving a general result, three empirically important cases are considered: a modified upward-only lease, the Swedish standard contract for commercial leases and the percentage lease. Analytical results and numerical examples are used to illustrate how the leases relate to other contract types.
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