👉 In the context of finance, a "preleased" asset is an asset that has been purchased in advance and reserved for future use. This means that the seller has already made the purchase and can use it without having to pay any upfront costs or interest on it, as long as it's not used before its expiration date. In other words, preleased assets are typically bought by companies who need them immediately but don't have the cash flow to buy them now. They are then held for a
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What is the definition of Prelease? 🙋
👉 In the context of real estate, a "prelease" refers to an agreement between a property owner and potential buyers or sellers before the actual sale of a property. The purpose of this document is to outline the terms and conditions that must be included in such a pre-sale agreement.
The pre-release typically includes:
1.
Description
: The pre-release document should provide a clear description of the property, including its location, size, features, and any other relevant details.
2.
Terms of
