Shell lease Term Meaning in Real Estate - Guide

It is a commercial lease in which a tenant rents a property with an unfinished interior to which he or she will finish constructions and make improvements

Devika Arora

7 years ago

Published Date: May 02, 2018

Updated Date: Mar 27, 2024

It is a commercial lease in which a tenant rents a property with an unfinished interior to which he or she will finish constructions and make improvements.

The name of the lease is such because the rented property is an unfinished "shell" of a building.

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