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Shart

Arabic (شرط) for a condition or stipulation in a contract (aqd). Examples of shart (plural: shurut) include a lease with…

Principal Contract

A contract (aqd) which exists by itself and is not subordinate or auxiliary to another contract (i.e., an accessory contract).…

FPL

It stands for full payout lease; another term for capital lease; a lease in which a lessor finances the leased...

Full-Payout Lease

Another term for capital lease; a lease in which a lessor finances the leased asset while the other rights of...

Residual Value of a Leased Asset

A lease's remaining carrying value after it has been fully depreciated at the end of its term. This value reflects...

FMR

It stands for fair market rent; the amount a landlord/ lessor would expect tenants/ lessees to pay each month against...

Fair Market Rent

The amount a landlord/ lessor would expect tenants/ lessees to pay each month against demised premises. In other words, it...

Fair Market Rental Value

The amount a landlord/ lessor would expect tenants/ lessees to pay each month against demised premises. In other words, it...

Full Service Lease

A type of lease structure where the landlord (lessor) covers all of the operating costs related to running the real...

Gross Lease

A type of lease structure where the landlord (lessor) covers all of the operating costs related to running the real...