A qualifying lease is a lease to which certain protections apply, depending on the context in which the term is used. Here are some examples of how the term is used:
- In the context of commercial real estate, a qualifying lease is a lease for less than 50,000 square feet.
- In the context of a loan agreement, qualifying leases are all leases in place, fully executed, and in good standing for the property with tenants in possession and paying rent.
- In the context of leaseholder protections in the UK, a qualifying lease is a lease that meets certain criteria, such as being in a building above 11 meters (or 5 storeys) and being the leaseholders main home.
- In the context of cladding remedial works in the UK, a qualifying lease is a lease for a dwelling in a building of at least 11 meters or 5 storeys high.
The specific criteria for what constitutes a qualifying lease can vary depending on the context in which the term is used.