proprietary lease
proprietary lease see lease

Merriam-Webster’s Dictionary of Law. . 1996.

proprietary lease
An agreement that gives a co-op owner the right to occupy a specific residential unit.
Category: Real Estate & Rental Property

Nolo’s Plain-English Law Dictionary. . 2009.

Look at other dictionaries:

  • proprietary lease — A lease by a co operative apartment association which carries with it the right to occupy a specific apartment. 15 Am J2d Con Apt § 21 …   Ballentine's law dictionary

  • lease — 1 / lēs/ n [Anglo French les, from lesser to grant by lease, from Old French laisser to let go, from Latin laxare to loosen, from laxus slack] 1 a: a contract by which an owner of property conveys exclusive possession, control, use, or enjoyment… …   Law dictionary

  • proprietary — pro·pri·e·tary 1 /prə prī ə ˌter ē/ n pl tar·ies 1: something that is used, produced, or marketed under exclusive legal right of the inventor or maker; specif: a drug (as a patent medicine) that is protected by secrecy, patent, or copyright… …   Law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • lease — Any agreement which gives rise to relationship of landlord and tenant (real property) or lessor and lessee (real or personal property). Smith v. Royal Ins. Co., C.C.A.Cal., Ill F.2d 667, 671. A contract for exclusive possession of lands,… …   Black's law dictionary

  • proprietary — /praprayat(eh)riy/ A proprietor or owner; one who has the exclusive title to a thing; one who possesses or holds the title to a thing in his own right; one who possesses the dominion or ownership of a thing in his own right. The grantees of… …   Black's law dictionary

  • lease, proprietary — n. A lease held by a resident in a cooperative apartment. The Essential Law Dictionary. Sphinx Publishing, An imprint of Sourcebooks, Inc. Amy Hackney Blackwell. 2008 …   Law dictionary

  • lease — Synonyms and related words: adverse possession, alodium, bareboat charter, burgage, charter, claim, colony, copyhold, de facto, de jure, dependency, derivative title, equitable estate, estate at sufferance, estate for life, estate for years,… …   Moby Thesaurus

  • ground rent lease — An expression familiar in Maryland but anomalous in some other jurisdictions. The chief characteristics of the Maryland ground rent leases are (1) the owner of the land in fee leases it to the named lessee for the period of ninety nine years, (2) …   Ballentine's law dictionary

  • Housing cooperative — Not to be confused with building cooperative. 999 N. Lake Shore Drive, a coop owned residential building in Chicago, Illinois, United States …   Wikipedia

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