How is WALT defined in a legal contract?
- WALT means the average remaining term for leases when considering their individual contributions to the total lease income. Seen in 4 SEC filings
- WALT means the term used to describe loans made to a financial trust. Seen in 6 SEC filings
- WALT means the average term remaining until termination for a series of leases, where each one is weighted according to its contribution to the total lease income for a portfolio of properties. Seen in 2 SEC filings
- WALT means the total sum of the remaining lease terms until the earlier of a break option date or a lease expiry date, multiplied by the lease portfolio income, divided by the total portfolio income. Seen in 2 SEC filings
- WALT means the product of the remaining lease term until the earlier of a break option date or a lease expiry date, multiplied by the lease rental income, all divided by the total rental income. Seen in 1 SEC filings
Note: The Genie AI Legal Assistant pulled this data out of the SEC EDGAR Database of 500,000 records from the past 22 years of filings. We regularly update this page as new filings and definitions come in.
Search EDGAR for 'Definitions of walt' yourself to verify these results. We are always keen to point people to source documents.
Which definition should you use?
🤔 Our AI Legal Assistant has combined and improved the above descriptions to create market-standard 'Genie definitions' below, with guidance on which documents and which industry to use for each.
Genie Definition 1
- WALT means the weighted remaining time until termination of various leases or loans, adjusted based on their income contribution.
Relevant Contract Types
Relevant Circumstances
- Negotiating or drafting real estate lease contracts.
- Structuring of loan agreements.
- Making decisions about property investments.
Relevant Sectors
Genie Definition 2
- WALT also stands for a specific financial trust rooted in the loans industry.
Relevant Contract Types
Relevant Circumstances
- Setting up or managing a financial trust.
- Drafting loan agreements with a trust as a party.
Relevant Sectors
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