What is MKT lease in real estate?

"MKT lease" in real estate typically refers to "market lease". This term is used to describe a lease agreement where the rental terms, including the rate, are in line with the current market conditions and rates for similar properties in the area.

In real estate, determining a market lease involves analyzing various factors such as location, property condition, amenities, and comparing these with similar properties in the same geographic area to make sure the lease is competitive and fair for both the landlord and the tenant.

Market leases are particularly important in commercial real estate but are also relevant in residential leasing. They help make sure a property is neither underpriced nor overpriced compared to similar properties.

In rapidly changing real estate markets, market lease terms can change frequently, influenced by factors like supply and demand, economic conditions, and changes in the neighborhood or local area.