Definition
The average remaining lease duration across tenants, weighted by rent contribution.
Example
A WALT of 7.4 years gave the lender confidence in the income stream's durability.
Related terms
Frequently asked questions
What does Weighted Average Lease Term mean in real estate?
The average remaining lease duration across tenants, weighted by rent contribution.
How is Weighted Average Lease Term used in practice?
A WALT of 7.4 years gave the lender confidence in the income stream's durability.
This definition is provided for educational purposes. Legal and tax terminology can carry jurisdiction-specific meaning — confirm with a licensed professional before relying on it in a transaction.