The upward‐only lease is the dominant rental contract in the UK, while the turnover lease is widely used in the US retail sector. This paper compares and contracts the landlord rent options in these two leases, interpreting and extending the earlier simulation analysis of Booth and Walsh and...

When financing real estate properties through a mortgage, borrowers often face a variety of loan products. During the recent housing bubble the variety of mortgage products and features proliferated. The recent mortgage foreclosure crisis leads many commentators to point to the growth in the use...