short-term lease
Defined in 1 dictionary — U.S. Code
United States Code
26 U.S.C. § 110 — for purposes of this section
The term “short-term lease” means a lease (or other agreement for occupancy or use) of retail space for 15 years or less (as determined under the rules of section 168(i)(3)).
26 U.S.C. § 168 — for purposes of this section (18 versions over time)
For purposes of clause (i), the term “short-term lease” means any lease the term of which is—
(I) less than 3 years, and
(II) less than the greater of 1 year or 30 percent of the property’s present class life.