Glossary

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There are currently 3 names in this directory beginning with the letter H.
Head Lease
Head Lease - The original lease agreement provided by the freehold owner.

Hire Purchase
Hire Purchase - High value equipment is leased by a business (lessee) from an asset finance (lessor) provider. The asset is not owned by the lessee, therefore, the lessor maintains and insures the asset and charges a fixed monthly or quarterly amount in capital and interest for a fixed leasing period. At the end of the fixed leasing period, the lessee usually takes full ownership by paying a balloon payment which equates to the asset value at that point in time. In accounting terms, the asset is treated as both an asset and a liability in the balance sheet, with the rental payments treated as an expense in the profit and loss account.

Hope Value
Hope Value - The value of the site based on the expected value of a property when planning consent is obtained.