prelease

prelease
/pree lees"/, v., preleased, preleasing, n.
v.t.
1. to sign or grant a lease on (a building, apartment, etc.) in advance of construction: Agents have preleased more than 60 percent of the new building.
n.
2. a lease on a building, apartment, etc., that is offered or signed before construction has begun.
[PRE- + LEASE1]

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Universalium. 2010.

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