Leases with Upward Only Characteristics

Clapham, EricStockholm School of Economics,Handelshögskolan i Stockholm (författare)

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

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.

Ingår i:Journal of Property Research: Taylor & Francis (Routledge): SSH Titles21:1, s. 31-491466-44530959-9916

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