LENDLEASE Meaning and
Definition
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Lendlease is a term commonly used in the field of finance and real estate, referring to a specific type of arrangement between parties involved in a construction project. It is a form of contracting agreement where a property owner leases their land or property to a developer or contractor for a specified period. In this arrangement, the developer usually takes on the responsibility of financing and constructing the project on the leased property.
Lendlease agreements often involve a long-term lease, between 10 to 99 years, during which the developer has exclusive rights to the property for the purpose of development. The developer assumes the financial risks and costs associated with the construction, while the property owner benefits from the eventual development and long-term lease payments.
This type of arrangement is particularly beneficial for property owners who may not have the resources or expertise to develop their land or property themselves. By entering into a lendlease agreement, the property owner can benefit from the expertise and financial capabilities of the developer, who takes on the responsibilities of planning, financing, and managing the construction process.
Lendlease arrangements are commonly utilized in urban redevelopment projects or large-scale infrastructure developments, where the financial and logistical requirements are significant. These agreements provide a way to efficiently utilize underutilized land or properties, leading to economic growth and increased value for both the property owner and the developer.
Common Misspellings for LENDLEASE
- lend-lese
- lend-leese
- lend-leace
- kendlease
- pendlease
- oendlease
- lwndlease
- lsndlease
- ldndlease
- lrndlease
- l4ndlease
- l3ndlease
- lebdlease
- lemdlease
- lejdlease
- lehdlease
- lenslease
- lenxlease
- lenclease
- lenflease
Etymology of LENDLEASE
The word "lend-lease" is a compound word formed from the verbs "lend" and "lease". It originated during World War II as a policy and program between the United States and the United Kingdom, initiated in 1941. Under this program, the United States provided military aid, equipment, and other supplies to the Allied countries, particularly the United Kingdom, during the war.
The word "lend" comes from the Old English word "lǣnan", which means "to grant the use of temporarily". It has its roots in the Proto-Germanic word "līhnijaną". The term "lease" derives from the Middle English word "lese", which means "to gather, collect, or acquire".
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