39. Commercial leases

1. 39. Commercial leases A Interest in property Freehold— n., adj. (having) complete ownership of property for an unlimited period of time (不动产的) 自由保有权；财产的完全保有（的）. Freehold interest/leasehold interest— (出租人在租赁合同下的)租赁权益

2. Freeholder— （原义）n. person who owns land freehold 地产的完全保有者. • Leasehold— n. ~ (of/on sth.) (esp. Brit.) holding of property by means of a lease 租赁; 租赁权; 租赁期: * have the leasehold on a house, etc. 租得一所房子等 * a leasehold property 租赁的房地产 * own a flat leasehold 对一套住房有租赁权. • Leaseholder— 契约持有人；土地租用人

3. Property 1 [U] thing or things owned; possession (s) 所有物; 财产; 资产: * Don't touch those tools—they are not your property. * The jewels were her personal property.   2 (a) [U] land and buildings; real estate 房地产; 不动产: * a man/woman of property, ie. one who owns property * She invested her money in property. (b) [C] (fml.) piece of land and its buildings （一处）房地产: * He has a property in the West Country. * A fence divides the two properties.   3 [U] (fml.) owning or being owned; ownership 所有; 所有权: * Property brings duties and responsibilities.

4. Occupy— live in or have possession of (a house, land, etc.) • Lessee /lɛsˋi/ • Lessor /ˋlɛsɔr/ • Landlord • Sub-lease • Underlet

5. B Terms of a commercial lease Commercial tenancy— [C] a period of time that you rent a house, land, etc. for: a three-month tenancy ◆ a tenancy agreement [C, U] the right to live or work in a building or on land that you rent: They had taken over the tenancy of the farm.

6. Security 1 [U] freedom or protection from danger or worry 安全; 保护; 保障: * have the security of a guaranteed pension 2 [U] measures taken to prevent spying, attacks, theft, etc. （防刺探、 攻击、 偷盗等的）安全措施: * We need greater security in car parks. 3 [C, U] jewelry, insurance policies, etc. that can be used to guarantee that one will pay back borrowed money or keep a promise 抵押品: * give sth. as (a) security 以某物作抵押. 4 securities [pl.] documents or certificates showing who owns stock, bonds, shares, etc. 证券: government securities, ie. for money lent to a government

7. Regime— n.   • (a) method or system of government 统治方式或制度; 政体; 政权: a socialist, fascist, etc. regime • (b) prevailing method or system of administration (eg. in a business) 盛行的管理方式或制度（如商业中的）: changes made under the present regime * the old regime versus the new

8. Tenure—n [U]   • 1 holding of (eg. political) office or land or other property, etc. （职位, 如政治地位, 土地或其他资产等的）保有.   • 2 period or manner of this （上述事物的）保有期, 保有状况, 保有权, 保有条件: The tenure of the US Presidency is four years.* freehold/leasehold tenure 无限期完全保有的[租赁保有的]状况 * security of tenure, ie. the right to remain as a tenant • 3 (esp. US) permanent appointment as a teacher, etc. in a university or some other institution （大学或其他机构中教师等的）长期聘用: granted tenure after six years

9. Renewal— the act of making a contract, etc. valid for a further period of time after it has finished: The lease comes up for renewal at the end of the month. ◆ the renewal date / fee • Exempt— ~ sb./sth. (from sth.) (formal) to give or get sb.'s official permission not to do sth. or not to pay sth. they would normally have to do or pay: His bad eyesight exempted him from military service. ◆ In 1983, charities were exempted from paying the tax.

10. Demolish Opt out of Rent review clause Transfer interest in sth. to sb. Covenant Yield up A term certain Break clause

11. Break Date On a rolling basis Break option Exercise the break Serve notice Terminate

12. Part C Draft lease In circumstances where Assign Take the lease Consent to Guarantor guarantee

13. Outgoing In favor of Rent deposit Exonerate Exempt Dodge Evade immune immunity Indemnify Decriminalize