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- Clapham, EricStockholm School of Economics,Handelshögskolan i Stockholm (author)
Leases with Upward Only Characteristics
- Article/chapterEnglish2004
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- Taylor & Francis (Routledge): SSH Titles,2004
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- LIBRIS-ID:oai:hhs.se:1155060050006056
- https://research.hhs.se/esploro/outputs/journalArticle/Leases-with-Upward-Only-Characteristics/991001480301906056URI
- https://doi.org/10.1080/0959991042000253174DOI
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- Language:English
- Summary in:English
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- Included in the thesis: 1. Essays in real estate finance
- 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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- Handelshögskolan i StockholmStockholm School of Economics (creator_code:org_t)
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- In:Journal of Property Research: Taylor & Francis (Routledge): SSH Titles21:1, s. 31-491466-44530959-9916
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