Usually means: Lease where tenant upgrades property.
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We found 5 dictionaries that define the word improving lease:

General (5 matching dictionaries)
  1. improving lease: Wordnik
  2. improving lease: Wiktionary
  3. Improving lease: Dictionary.com
  4. improving lease: FreeDictionary.org
  5. Improving lease: TheFreeDictionary.com

Definitions from Wiktionary (improving lease)

noun:  (law, Scotland, historical) An extended lease to induce the tenant to make improvements to the premises.

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