long-term lease　

long-term lease　长期租赁　

A lease for longer than one，five or 10years，depending on the specific asset being leased.For example，commercial property usually has long-term leases for five or more years，while residential property often carries long-term leases for more than one year.A long-term lease locks in the price one pays for the asset，which is usually advantageous because prices often trend upward.However，long-term leases offer little flexibility.For example，one may have to pay significant penalties if one cancels a long-term lease.One humorous example of a long-term lease is the Guinness brewery in Ireland，which Arthur Guinness rented for 9，000years for 45pounds per year.