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Topic: Leasehold


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In the News (Sat 19 Dec 09)

  
  "Leasehold Finance: A Powerful Tool," Property Writes, 3rd Quarter 2004; Volume 8, Issue 3 from Holland & Knight ...
The most obvious use for a leasehold mortgage is in connection with a ground lease in order to secure the financing of a purchase of a leasehold interest or a related construction project.
However, a leasehold mortgage can also be used in connection with office, retail or industrial leases in order to provide security for lines of credit, financing of a corporate merger, or to serve as extra collateral to supplement a traditional fee mortgage on another property.
A leasehold mortgage even benefits a landlord by helping commercial tenants to secure loans that improve their financial positions and overall business operations, thus increasing overall stability and allowing for a more reliable stream of percentage rent payments to the landlord as well.
www.hklaw.com /Publications/Newsletters.asp?IssueID=504&Article=2736   (1093 words)

  
  leasehold - Search Results - MSN Encarta
Leasehold, in law, land or property held by a tenant (lessee) for a specified period (unlike freehold, or outright ownership), usually at a rent...
Leasehold is a form of property tenure where one party buys the right to occupy land or a building for a given length of time.
A leasehold estate is an ownership interest in land in which a lessee or a tenant holds real property by some form of title from a lessor or landlord.
encarta.msn.com /leasehold.html   (222 words)

  
 Leasehold Improvement Financing
Leasehold improvement financing can be simply defined as all alterations, renovations, and repairs to leased facilities that increase the value of the property, make it more useful, or lengthen its life.
Leasehold improvements are often considered a necessary component for an efficient business operation.
A common term for a leasehold improvement loan is 5 to 7 years, depending on the improvements.
www.businessfinance.com /leasehold-improvement-financing.htm   (190 words)

  
 What is a Leasehold?
Leasehold is a term that stems from the feudal agrarian society in the United Kingdom.
Modern leasehold is similar in that the property is owned by the freeholder, but the leaseholder is guaranteed possession of it for an established length of time by a lease or contract.
A leasehold is generally treated like a certain degree of ownership of a property, in that it is considered a fixed asset and can be used as such in attaining credit or a loan.
www.wisegeek.com /what-is-a-leasehold.htm   (468 words)

  
 Information on Leasehold Properties
Leasehold ownership of a flat is simply a long tenancy, the right to own, occupation and use of the flat for a long period - the 'term' of the lease.
Leaseholders are not necessarily entirely free to do whatever they want in or with the flat - the lease comes with conditions, to protect the rights of everyone with an interest in the building.
At present leasehold flats are preferable to the alternative form of freehold flats where similar rights and obligations as found in a leasehold may not exist and enforceability between flat owners can become difficult as there is no separate landlord.
www.rdaestates.com /Leasehold.htm   (2025 words)

  
 First American - Ground Lease Assignee Remains Liable to Lessor After Leasehold Mortgage Foreclosure
The appellate court reversed the holding of the trial court in favor of the assignee, and ruled that foreclosure of the leasehold mortgage would not affect the obligations of the assuming leasehold assignee to the ground lessor, whose rights were independent of the foreclosing mortgagee.
The ground lease permitted the lessee to assign the lease (or encumber it with a mortgage) without the lessor's consent, but required that the lessor be notified of each such assignment and that the assignee in each instance expressly assume and agree to perform all of the lease covenants and conditions.
Turning next to the issue of whether foreclosure of the leasehold mortgage terminated the leasehold assignee's obligations to the lessor, the court found that while the foreclosure terminated all subordinate interests it did not terminate the ground lessor's estate, which was a reversionary interest senior to the mortgage.
www.firstam.com /content.cfm?id=2850   (2939 words)

  
 LEASEHOLD TIME SHARE INTERESTS
  (a)  Except as otherwise expressly provided in this part, the requirements of chapter 502 shall apply to a leasehold time share interest and the requirements of this chapter shall not apply to such leasehold time share interest.
     (f)  The execution or joinder of the lessees of the leasehold time share interests shall not be required for the registration or notation of instruments which must be registered and noted pursuant to subsection (e); provided, however, an instrument amending, canceling, or extinguishing an apartment lease shall not be registered unless such instrument is:
This section shall not alter the rights of the parties to any such instrument.
www.capitol.hawaii.gov /hrscurrent/Vol12_Ch0501-0588/HRS0501/HRS_0501-0241.HTM   (574 words)

  
 Commonhold and Leasehold Reform - LandlordZONE
A long leaseholder (tenant) has purchased the leasehold interest and therefore has the right to occupy the property for a fixed term of years.
As tenant the leaseholder has certain rights and responsibilities to the landlord who is obliged to manage and maintain the whole building and the common parts.
Some leaseholds apply to individual houses (in certain areas of the country, particularly the North West and Wales) which are commonly as much as 999 years, usually dating back to the 19th Century.
www.landlordzone.co.uk /long-leasehold.htm   (1017 words)

  
 Shelter: Buying leasehold
Leaseholders actually buy the lease to their home; not the property itself.
Leaseholders normally have to pay charges to the freeholder or a managing agent who looks after the property for her/him.
The lease is the legal contract between the freeholder and the leaseholder.
england.shelter.org.uk /advice/advice-444.cfm   (638 words)

  
 Leasehold
Therefore, the leasehold value for a unit is usually the fee value for a comparable unit less the cost of the fee and fee closing costs.
Also a consideration is the 30-year requirement on the land lease for a leasehold property to qualify for a 1031 exchange; i.e., there must be at least 30 years remaining until the expiration of the lease (not renegotiation).
If you own a leasehold property where the fee is not available, it may be advantageous for you to sell while there is still at least 30 year remaining on the lease.
www.stott.com /buyers-leasehold.html   (1354 words)

  
 Living Choice Villa / Apartment Leasehold
The major advantage for a resident in a Leasehold Title retirement village is that the operator has a long-term financial interest in the continuing success of the village.
The operator is therefore obliged to achieve and maintain high standards in the provision of facilities and services to maximise the reputation of the village and ensure the resident’s and operator’s equity is maintained.
The costs associated with Leasehold Title are less, which are reflected in the low management costs payable in the residents’ recurrent charges.
www.livingchoice.com.au /index.asp?Sec_ID=19   (536 words)

  
 Property Law: Leasehold Estate 101   (Site not responding. Last check: )
The common law of landlord-tenant relations developed in the United Kingdom over hundreds of years, and still retains many archaic terms and principles derived from a time when relationships governing the use of land were centered on the promotion of a feudal agrarian society.
There are four modern leasehold estates - the tenancy for years, the periodic tenancy, the tenancy at will, and the tenancy at sufference.
A periodic tenancy, also known as a tenancy from year to year, month to month, or week to week, is an estate that exists for some period of time determined by the term of the payment of rent.
www.juiceenewsdaily.com /1105/business/leasehold.html?1130859466843   (1650 words)

  
 Land Registry : leasehold   (Site not responding. Last check: )
Leasehold conversions differ from new developments in that they usually already have unit holders, i.e.
Leasehold conversions are registered under s.9 of the Act and are referred to in the Act as a registration 'with unit-holders'.
Leasehold conversions can be combined with freehold conversions when a mixture of the two types of property (leasehold and freehold) combine to form a new commonhold.
www.landregistry.gov.uk /education/commonhold/leasehold   (194 words)

  
 [No title]
The Concept of Leasehold Forestry and Forage Development for the Poor The integration of livestock and forestry development is pursued by the Hills Leasehold Forestry and Forage Development Project (HLFFDP) with the objectives to improve the living conditions of the rural poor and simultaneously to rehabilitate degraded forest lands.
Not seldom leasehold forestry is obstructed in the first year by uprooting of seedlings, by stealing of grasses and seedlings or by letting animals graze in the leasehold forest.
The aim of the leasehold forestry and forage development concept is to address the problems with which rural women are confronted in their daily lives to the extent possible within the scope of the project.
www.fao.org /ag/agp/agpc/doc/PUBLICAT/Tapafon3/75.doc   (2516 words)

  
 Custom Page - Coldwell Banker Island Properties Kihei HI   (Site not responding. Last check: )
"Leasehold" means that when you purchase property under this leasehold condition, the ownership of the land below and adjoining the home or condominium remains with the owner of the land.
When you purchase leasehold property under this condition, you have purchased the right to use the property under the conditions and for the time specified by the lease agreement.
The owner of the leasehold land maintains the right to take possession of the property you acquired at the conclusion of the lease term or earlier if the terms of the lease are not met.
www.surfmauiproperties.com /FeeSimpleandLeasehold   (562 words)

  
 Breaking new ground: leasehold forestry in Nepal
The leasehold approach adopted so far is costly, however, and needs adapting into a simpler, cheaper solution if it is to be scaled up as the Nepalese government intends.
Community forestry programmes cover two thirds of Nepalese districts while leasehold initiatives are at an early stage; community measures target whole communities and concentrate on forest conservation whilst leasehold approaches involve a redistribution of assets in favour of the poor by leasing degraded forest areas to groups of specifically targeted resource-poor farming households.
Fundamental to leasehold replication and up-scaling is enhanced policy dialogue between IFAD and the donor agencies involved in community forestry to increase resources and ease the friction between the two approaches.
www.ifad.org /evaluation/public_html/eksyst/doc/profile/pi/np.htm   (1350 words)

  
 Insights & Commentary   (Site not responding. Last check: )
Specifically, although §168(i) allowed landlords to recover the remaining basis of the leasehold improvements upon a lease termination, during the lease term, MACRS required landlords to calculate their recovery deductions with respect to the leasehold improvements under the 39-year period applicable to commercial real estate.
The statute also excludes from the definition of "qualified leasehold improvement property" a building enlargement, an elevator or escalator, a structural component benefiting a common area, and the internal structural framework of a building.
Further, leasehold improvements owned by both landlords and tenants potentially are eligible for the 15-year recovery period adopted in the 2004 Act.
www.bna.com /tm/insights_Leasehold.htm   (1592 words)

  
 Leasehold and Free Simple for the Waikiki Neighborhood Board #9.   (Site not responding. Last check: )
When you purchase your leasehold apartment unit, it is very important to realize that you don't usually know the exact amount of rent you will have to pay over the entire life of the lease.
The majority of leasehold apartment units in the State of Hawaii are due to renegotiate lease rents between the years 1990 and 2019.
Everyone considering the purchase of a leasehold apartment unit needs to understand the advantages and disadvantages of leasehold ownership in general, especially the impact of rent renegotiation and lease expiration.
www.waikiki-vacation-condos.com /NB9Leasehold.html   (5723 words)

  
 Hawaii Real Estate - Leasehold ownership in Hawaii
If you are contemplating the purchase of a residential leasehold apartment unit, their are additional considerations than their are in the event that you were contemplating the purchase of a comparable fee simple apartment unit.
If you are considering purchasing a leasehold apartment unit and only a few years remain on the fixed rent period of the lease, it may be helpful to contacts an appraiser to estimate approximately what the lease rent would be if renegotiated at this time.
The majority of leasehold apartment units in the State of Hawaii are due to renegotiate lease rents between the years 1990 and 2019.
osman1.com /leashold.html   (5423 words)

  
 Depreciation Period for Leasehold
Leasehold improvements are permanent enhancements made to commercial buildings on behalf of tenants.
The association has long supported a significantly reduced depreciation period for leasehold improvements and strongly backed bonus depreciation rules that were enacted as part of last year’s economic stimulus package and expanded under the tax bill President Bush signed earlier this year.
Approximately $15 billion of the $250 billion invested annually in commercial real estate goes into leasehold improvements such as carpeting, fixture or wiring upgrades that typically need to be replaced when the lease turns over.
www.realtor.org /PublicAffairsWeb.nsf/Pages/DepreciationLeasehold   (362 words)

  
 Realty Times - Real Estate News and Advice
This is a leasehold cooperative, and the lease on the land will expire in year 2052.
Leasehold Condominiums: here, the landlord owns the land and either creates a number of leasehold condominiums or grants a lease to a developer who creates those entities.
Under these laws, a leasehold condominium is permitted but only if the lessor joins in the declaration, and the declaration and the statute thereupon provide that the failure of any unit owner to pay his/her share of the underlying leashold rent will not effect the right of the other unit owners.
realtytimes.com /rtcpages/20030310_lease.htm   (1068 words)

  
 From community to leasehold forestry
As a result, food production increased and leasehold households were more food secure: From 1996 to 1999, the average period of food security rose from 7.8 months to 8.4 months – a 16 per cent increase.
Leaseholder households were also encouraged to expand their livestock to include high-producing animals.
Since leasehold forestry user groups usually consist of 10 or fewer households and are less educated and more socially disadvantaged than the community as a whole, it may not be realistic to expect them to form and maintain functional organizations that last the duration of the lease.
www.ruralpovertyportal.org /english/learn/forestry/leasehold.htm   (932 words)

  
 DLEG - Senate Bill 487 (Enrolled)   (Site not responding. Last check: )
The bill requires the owner of a leasehold to request and obtain permission to enter a leasehold, except in an emergency.
If a tenant vacates a leasehold after the enforcing agency has requested an inspection, the owner must notify the enforcing agency within 10 days after the leasehold is vacated.
If there are multiple lessees in a household, it is sufficient to notify and request and obtain the permission of at least one lessee to satisfy the requirements of the bill relating to notification and permission.
www.michigan.gov /cis/0,1607,7-154-10573_11549_17760-46020--,00.html   (568 words)

  
 Honolulu Star-Bulletin Business
Written off for dead during most of the 1990s, leasehold condominiums are experiencing a rebirth of sorts due to surging demand brought on by low interest rates and the low inventory of fee-simple homes on the market.
When the leasehold market tanked in the early 1990s, many owners lost the equity in their homes and couldn't afford to buy their fee interest.
The state's leasehold disclosure law also gives buyers additional protections, said Jo Frasier, a Realtor at Prudential Locations Inc. Prospective homebuyers have the right to cancel their purchase up until the time they receive an independent summary of the terms and details of a lease.
starbulletin.com /2004/03/28/business/story1.html   (933 words)

  
 HBRC > Other > Leasehold Land
A newsletter is sent semi-annually to leaseholders to keep them informed on recent issues related to their leases and leasehold land.
Furthermore, the Endowment Act provides that where the endowment leasehold property is not sold then the Council must hold and use all the money received in relation to the land for the improvement, protection, management, or use of Napier Harbour or the Coastal Marine Area in the Council’s region.
An Annual Report is provided to Council which specifies the movements in rental renewals, leasehold sales over the year, total transfers of leasehold properties between lessees in a year and any other matters of relevance relating to the Council’s leasehold endowment property portfolio.
www.hbrc.govt.nz /DesktopDefault.aspx?tabid=217   (773 words)

  
 Leasehold Valuation Tribunal - LandlordZONE
It can also appoint managers of leasehold properties when the landlords' managers are not acceptable.
Leasehold valuation tribunals started operating in 1997 whereas previously county courts handled these disputes.
The idea of service charges is to ensure that the property and particularly the common parts (roofs for example), which are not the responsibility of any one tenant, are kept in good repair.
www.landlordzone.co.uk /leasehold_valuation_tribunal.htm   (461 words)

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