Purpose The purpose of this paper is to exhibit the impacts of lease duration and lease break options on the optimal holding period for a real estate asset or portfolio. Methodology/approach We use a Monte Carlo simulation framework to simulate a real estate asset’s cash-flows in which lease structures (rent, indexation pattern, overall lease duration and break options) are explicitly taken int...

Article history: Received 4 March 2014 Received in revised form 12 August 2014 Accepted 12 August 2014 Available online 23 August 2014 Budget deficit has been a commonfiscal pressure facing Chinese cities since the 1994fiscal reform. Meanwhile, land lease sales have become a significant off-budgetary revenue to local governments since 2003. This paper investigateswhetherfinancing budget deficit...

Consider a decision support system for capital asset acquisitions (Wallingford and Sticklen 1985). The system helps users decide whether to purchase an asset or lease it from another company. Each of these alternatives leads to more specific decisions, such as whether to structure a leasing arrangement as a direct lease, a leveraged lease, or a conditional sale. All of these decisions depend on...

There are many methods to maintain the consistency in the distributed computing environment. Efficient schemes for maintaining consistency should ideally take into account the following factors: lease duration of replicated data, data access pattern and system parameters. Lease method is used to supply the strong consistency in the web environment. During the proxy’s lease time from web server,...

This study uses panel data from 1,142 Kenya smallholder households over four survey periods to examine the determinants of participation in land rental markets and to quantify the impact of renting land on households’ crop income and total income. We find that land rental markets in Kenya enhance productivity and are equitable. The results are consistent across different estimation methods and ...