000 01211cam a2200229 4500
001 ABS66161
008 021204n2002 000 0 eng u
035 _a(Sirsi) u120662
100 _aHendershott, P.
245 2 _aA comparison of upward-only and turnover leases
260 _c2002
490 _aJournal of Property Investment and Finance
_v20(6) 2002, 513-524(12)
520 _aThe upward only lease is the dominant rental contract in the UK, while the turnover lease is widely used in the US retail sector. This paper compares and contrasts the landlord rent options in these two leases, interpreting and extending the earlier simulation analysis of Booth and Walsh and of Hendershott and Ward. While the options are similar, the ability of the turnover rent lease to induce greater landlord effort and co-operation between tenants and the landlord suggest that both UK investors and UK consumers would be well served by greater use of the turnover lease. [Taken from journal abstract].
590 _aABS
650 _aLEASES
650 _aOPTIONS
650 _aTURNOVER LEASES
650 _aRENT
650 _aUPWARD ONLY RENT REVIEWS
690 _aLANDLORD AND TENANT-LEASES
942 _n0
999 _c71706
_d71706