Lease Rent & lease premium

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Abizer Y. Khambaty (Querist)
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30 August 2010 Hello everyone,
could any one please let me know the difference between 'lease rent' and 'lease premium'.

Thrissurkkaran Ishtan

Thrissurkkaran Ishtan (Expert)
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31 August 2010 Lease Rent is something you pay every year / month to the Lessor.
Lease Premium is a one time payment that you pay to obtain the lease.

E.g. You are leasing a land from Mr. X who says " Down payment 1 lac and annual rent 10,000". 1 lac is lease premium and 10,000 is lease rent.

Abizer Y. Khambaty

Abizer Y. Khambaty (Querist)
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24 May 2013 Thank you!!

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