单词 | cross lease |
释义 | cross leaseNZ noun A contract by which a block of flats or townhouses is held in joint ownership, with each unit leased from the group as a whole, usually as a way of bypassing planning restrictions: many cross leases were created with buildings of different ages [as modifier]: a cross lease property...
verb Place (a block of flats or townhouses) in joint ownership, with each unit leased from the group as a whole, usually as a way of bypassing planning restrictions: decisions require the unanimous support of all owners where the properties are cross-leased |
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