Is Preleased a Word?
Verb (Used with Object), Pre·leased, Pre·leas·ing. to Sign or Grant a Lease on (A Building, Apartment, Etc.) in Advance of Construction: Agents Have Preleased...
verb (used with object), pre·leased, pre·leas·ing. 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.
What does pre-leasing status mean?
Pre-leasing is defined as renting apartments before the building is ready for people to move in, so the result for renters can vary greatly.
Should I pre-lease?
Early Reservation
It allows the tenant to reserve a rental unit, so he can begin looking for a place to stay before he actually has to move in. If everything goes well, the pre-lease does not cost the tenant anything because it reduces the amount of rent he has to pay.
Alexander Ross has covered the video game industry for a decade, writing deep dives on game design, esports tournaments, VR developments, and gaming culture.
