
	Where results make sense

Topic: Leasehold Estate

Related Topics

Commonhold and Leasehold Reform Act 2002

In the News (Mon 28 Dec 09)

Northern Trust

Marvin Harrison

Peter Chernin

Gary Locke

Match Play

Penelope Cruz

Mickey Rourke

AR Rahman

Danny Boyle

Hugh Jackman

	Leasehold - Wikipedia, the free encyclopedia
		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 lease is a legal estate, leasehold estate can be bought and sold on the open market and differs from a tenancy where a property is let on a periodic basis such as weekly or monthly.
		leasehold estate for any specific period of time (the word "years" is misleading).
	en.wikipedia.org /wiki/Leasehold (229 words)

	Leasehold estate - Wikipedia, the free encyclopedia
		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.
		There are four modern leasehold estates — the tenancy for years, the periodic tenancy, the tenancy at will, and the tenancy at sufference.
		Although the tenant is technically a trespasser at this point, and possession of this type is not a true estate in land, authorities recognize the condition in order to hold the tenant liable for rent.
	en.wikipedia.org /wiki/Tenant (1732 words)

	Real Estate Ownership (Site not responding. Last check: 2007-10-29)
		A life estate is a form of ownership that cannot be passed on to one's heirs.
		A leasehold estate includes fewer ownership rights than does a freehold estate and is of limited duration.
		The types of leasehold estates are 1) estate for years, 2) estate from period to period, 3) estate at will and 4) estate at sufferance.
	mywebpages.comcast.net /dhallman3/id47.html (611 words)

	Real Estate Contract
		Real estate called leasehold estate is actually a rental of real property such as an apartment, and leases (rental contracts) cover such rentals since they typically do not result in recordable deeds.
		Real estate contracts are typically bilateral contracts (i.e., agreed to by two parties) and should have the legal requirements specified by contract law in general and should also be in writing to be enforceable.
		Often real estate contracts will provide for a lawyer review period of several days after the signing by the parties to check the provisions of the contract and counter propose any that are unsuitable.
	www.myeasyforms.com /real_estate_contract.htm (2065 words)

	Jack Murray Reference, Ground Lease Assignee Remains Liable to Lessor After Leasehold Mortgage Foreclosure (Site not responding. Last check: 2007-10-29)
		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 court also noted that an assignee who merely takes possession of the property has privity of estate with the lessor and is bound by all the lease covenants that run with the land, and that upon a subsequent assignment the original assignee's privity of estate, along with all obligations to the landlord, would cease.
		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 /faf/html/cust/jm-groundlease.html?print=yes (2778 words)

	Acrel
		A third definition in the leasehold endorsement defines "Personal Property" as including chattels located on land and property that, because of their character and manner of affixation to the land, can be severed from the land without causing appreciable damage to themselves or to the land to which they are affixed.
		For example, if the leasehold title coverage included a zoning endorsement and tenant was not permitted to use the premises for the insured use, tenant could be required to continue to pay rent to the landlord but not be able to continue to use the premises for the intended use.
		Although the revised leasehold endorsement makes it much easier to determine the appropriate amount of coverage and to determine the remedies to which the insured might be entitled in cases of failure of title, difficult valuation and interpretation issues may still arise.
	www.acrel.org /Public/Publications/default.asp?Action=DrawOneArticle&ArticleID=N194E&ArticleType=NewsletterArchive (2229 words)

	View Archive Newsletter
		Notwithstanding diligent efforts, leasehold transactions present unique problems for practitioners and chief among them is the inadequacy of protection for tenants in the event of title problems that detrimentally affect the leasehold estate.
		Leasehold Estate: The 2001 Endorsement deleted from the definition of "Leasehold Estate" language that subjected the coverage to lease provisions limiting the Tenant's right to possession.
		Whereas, under the 1975 Leasehold Policy, the Leasehold Estate value was determined by subtracting the rent to be paid under the lease for the remainder of the term (including any options or renewals) from the fair market rental value for the same term (as determined by appraisal).
	www.invtitle.com /phpscripts/newsletters/view_archived_copy.php?site=sc&id=41 (1731 words)

	LEASEHOLD TITLE INSURANCE/COMMERCIAL PROPERTIES/TITLE UNDERWRITING
		The insured would say the improvements were made to the leasehold (land) and upon termination of the lease are in fact owned by the landlord.
		The leasehold endorsement (ALTA endorsement form 13 and 13.1) was designed for simple leasehold transactions and does not contemplate the more complicated "severance" arrangements like the one described by Lillie.
		For the description of the estate or interest covered by the policyÂ in paragraph 2 of Schedule A, you would say "a leasehold estate created by that certain lease by________as lessor and ___________as lessee dated______ and recorded________________ as to Parcel One; and a fee as to Parcel Two".
	www.firstam.com /landsakes/html/email/041904leas.html (1447 words)

	DignityMortgage
		Although the real estate lease agreement concerns real estate, this leasehold estate is legally treated as the personal property of the tenant.
		The estate for years is a leasehold estate set for a definite period of time.
		This is often the type of leasehold arrangement created when the property owner is selling the property, marketing the rental unit to a third-party renter or awaiting a future time when the property owner wants to use the property himself or herself.
	www.dignitymortgage.com /RealEstate/All_About_Leases1LeaseholdEstates.htm (1421 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.
	www.osman1.com /leashold.html (5423 words)

	Property Law: Leasehold Estate 101 (Site not responding. Last check: 2007-10-29)
		) - 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.
		There are four modern leasehold estates - the tenancy for years, the periodic tenancy, the tenancy at will, and the tenancy at sufference.
		Because the tenant is losing the ability to continue renting the land at this bargain rate (and probably must move to more expensive land), the tenant will be entitled to the difference between the lease rate and the market value — $200 per month for a total of $800.
	www.juiceenewsdaily.com /1105/business/leasehold.html?1130859466843 (1650 words)

	Memorandum of Sale
		In case of forfeiture, the Initial Deposit and Interim Deposit, as applicable, shall become the property of the Leasehold Mortgagee (and shall not be applied to the mortgage debt) and such forfeiture by the successful bidder shall not release him from this agreement.
		Leasehold Mortgagee makes no representation with respect to any security deposits which any prior or existing landlords may have collected from any tenants, including, but not limited to security deposits from Sit Down Amherst, LLC.
		Leasehold Mortgagee is not in possession of same and said Premises is being assigned subject to any claims made by any tenants regarding any security deposits delivered by tenants to any prior or existing landlords.
	www.posnik.com /html03/053003_mos.htm (964 words)

	The Georgia Fund: UB# 78
		If tenant leasehold improvements are not substantially completed at the time of eviction, the actual cost incurred, less salvage value, for the tenant leasehold improvements up to the time of eviction including various permitting, architectural, engineering and other soft costs as specified in the endorsement.
		Since Leasehold is adequately defined in the endorsement as being the right of possession under the lease subject to the terms that condition such right of possession, there is no need to raise a separate exception to the terms and conditions of the lease.
		In most cases the value of the leasehold improvements decreases over the term of the lease and the value of the leasehold estate increases as market rates rise in relation to the rent specified in the lease.
	www.gafund.com /59.0.html (668 words)

	Real Estate Glossary Dictionary
		There are four types of leasehold estates: estate for years, periodic tenancy, tenancy at will, and tenant at sufferance.
		A leasehold mortgage is subordinate to the landlord's land lease since it is a second lien by order of priority on the property.
		The real estate broker who is responsible for the listing of a property and who is to represent the interests of the seller.
	www.builderbabysitter.com /homebuyer/kl.cfm (1438 words)

	ALTA - ALTA Adopts New Leasehold Endorsements
		The Leasehold Policy limited the definition as "subject to any provisions contained in the lease which limits the right of possession." The limitation was dropped because it received so much resistance from customer groups consulted in the drafting process.
		Although it may be difficult to envision an eviction from the Tenant Leasehold Improvements without an eviction from the land, this definition of eviction establishes the Tenant Leasehold Improvements as a primary interest insured by the policy.
		If a leasehold was insured with either a leasehold or owner's policy, the title insurer might reduce or deny a claim for the value of the tenant's invest-ment in the leasehold improve-ments by asserting that the incomplete project had little or no value.
	www.alta.org /publications/titlenews/02/05_04.cfm (4040 words)

	Hotel on the Cay - Declaration of Partial Leasehold Ownership Plan
		A time-share estate in a particular apartment unit may be conveyed or assigned as an independent property right capable of independent use and partial leasehold ownership, subject to the provisions of this Declaration, the same as other leasehold interests in property.
		Notwithstanding the fact that a time-share estate is deemed herein to be property wholly separate from other time-share estates conveyed in the same apartment unit, all of the rights, obligations and liabilities inherent in such ownership hereunder shall be in full force and effect throughout the calendar year.
		A time-share estate owner shall be liable for injuries or damages resulting from an accident in his own apartment unit during his particular unit-week to the same extent and degree that the owner of a house would be liable for an accident occurring within his house.
	www.hotelonthecay.com /members/declaration.html (4852 words)

	Property - Chapter 15
		A leasehold estate (also called a nonfreehold estate) is a legal interest that entitles the tenant to immediate possession of designated land, for either a fixed period of time (e.g., five years) or for so long as the tenant (or
		The key distinction between a leasehold estate, on the one hand, and interests such as a license or easement, on the other, is that the holder of a leasehold estate has the right of exclusive possession.
		The lease was viewed as the conveyance of an estate to the tenant.
	www.lexisnexis.com /lawschool/study/outlines/html/prop/prop15.htm (444 words)

	Leasehold, Contract and Life Estates \| Vail Valley
		A life estate is created to protecta person's right to live on a piece of property and receive income generated by the property and receive income generated by the property.
		A life estate should be created by a reservation in a deed but it can also be created through a will; however, for the life estate to become effective in the instance of a will, it must be placed of public record.
		The death cretificate of the person holding the life estate must be recorded in order to insure the title to the property free and clear of the life estate.
	blog.vailpropertysearch.com /public/item/106234 (438 words)

	» Hawaii Leasehold Property
		Leasehold is a type of ownership that occurs primarily with condominiums.
		When you own a leasehold condo, you own the condominium but you are on “long term” or ground lease for the land beneath it.
		leasehold Condominiums are about 20 to 30% less expensive than conventional or Fee Simple condominiums because there is more uncertainty for the long term and they are considered differently when financing.
	www.mauirealestate.com /blog/2005/04/12/hawaii-leasehold-property (312 words)

	[No title]
		A search of the leasehold property and subsequent title insurance gives knowledge of matters affecting title that are pertinent to the leasehold investment, and also provides insurance protection against a wide range of damages that could be suffered due to invalidity of the lease and due to the condition of the lessor’s title.
		Except as disclosed, the leasehold estate is not encumbered by a superior lien or claim
		Section 2 of ALTA 13 deletes the coinsurance provisions of the owner’s policy because it is so difficult to value leasehold interests that virtually every leasehold insured would risk the application of the coinsurance provisions with no means of assuring a policyholder that it had avoided the issue.
	www.djc.com /news/re/11130941.html (1279 words)

	Sample Contracts - MA-Boston-200 Portland Street Assignment of Leasehold Estate - Invention Machine Corp. and CCBN.com ...
		ASSIGNMENT OF LEASEHOLD ESTATE THIS ASSIGNMENT OF LEASEHOLD ESTATE (this "Assignment") is executed this 2nd day of June, 1999 and is effective as of the 13/th/ day of August, 1999, by Invention Machine Corporation, a Delaware Corporation ("Assignor") in favor of CCBN.COM, Inc., a Delaware Corporation("Assignee").
		Assignor and Assignee acknowledge that this Assignment is being executed simultaneously with an Assignment of Leasehold Estate by and between Assignee, as assignor thereunder, and Assignor, as assignee thereunder, with respect to certain premises located at 133 Portland Street, Boston, Massachusetts (the "133 Portland Street Assignment").
		If all of the foregoing matters shall not have occurred on or prior to the effective date recited above, the Assignment of Leasehold Estate shall be null and void and without further recourse to the parties hereto which shall be evidenced by a written instrument executed by the parties hereto.
	contracts.onecle.com /ccbn/portland.lease.1999.06.02.shtml (7374 words)

	ALTA - ALTA Adopts New Leasehold Endorsements
		In October of 2001, ALTA adopted the new ALTA 13 Leasehold Owner's Endorsement and ALTA 13.1 Leasehold Loan Endorsement, replacing the 1992 ALTA Leasehold and Leasehold Loan policies.
		The leasehold provisions had been added to the basic ALTA Owner's and Loan Policies, so it was easy to segregate those leasehold provisions from the basic policy provisions.
		The 1975 ALTA Leasehold Owner's Policies, which were built on the foundation of the 1970 Owner's Policies, also had no coinsurance provisions.
	www.alta.org /publications/titlenews/02/05_04.cfm?print=1 (4024 words)

	Land Registration Act 2002
		(1) If the requirement of registration applies, the responsible estate owner, or his successor in title, must, before the end of the period for registration, apply to the registrar to be registered as the proprietor of the registrable estate.
		If a legal estate is retransferred, regranted or recreated because of a failure to comply with the requirement of registration, the transferee, grantee or, as the case may be, the mortgagor-
		(5) If the proprietor is not entitled to the estate for his own benefit, or not entitled solely for his own benefit, then, as between himself and the persons beneficially entitled to the estate, the estate is vested in him subject to such of their interests as he has notice of.
	www.opsi.gov.uk /acts/acts2002/20009--c.htm (2563 words)

	Leasing Issues: Real Estate for Investment Purposes - Landlord Tenant Allocations
		The estate in land is one, which has definite characteristics, which include duration, exclusivity, possession, renewal and dependant promises upon which the continuation of the estate interest is premised.
		In other words, the Landlord is deemed to have conveyed the estate interest and the Tenant is deemed to have promised to pay rent for the term of the estate interest.
		If the Landlord's promise to deliver the estate interest, or if the Landlord's promise that the Tenant shall have unfettered rights in the estate is broken, the Tenant's obligation to pay rent is held either to have terminated, or placed in abeyance during the duration of the Landlord's default.
	www.law.buffalo.edu /Academics/courses/627/lease1.htm (1051 words)

Try your search on: Qwika (all wikis)