Information about Leasehold
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. Until the end of the lease period (often measured in decades - a 99 year lease is quite common) the leaseholder has the right to remain in occupation as an assured tenant paying an agreed rent to the owner. Terms of the agreement are contained in a lease, which has elements of contract and property law intertwined.
The term estate for years may occasionally be used. This refers to a leasehold estate for any specific period of time (the word "years" is misleading). An estate for years is not automatically renewed.
Colloquially, a "lease" is often a formalization of a longer, specific period as compared with a "rental" that created a tenancy at will, terminable or renewable at the end of a short period.
Property law
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
..... Click the link for more information.
The term estate for years may occasionally be used. This refers to a leasehold estate for any specific period of time (the word "years" is misleading). An estate for years is not automatically renewed.
Colloquially, a "lease" is often a formalization of a longer, specific period as compared with a "rental" that created a tenancy at will, terminable or renewable at the end of a short period.
See also
- Freehold
- Rental agreement personal and real property rental
- Leasehold valuation tribunal
External links
worldwide view of the subject.
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Please [ improve this article] or discuss the issue on the talk page.
Property law
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
..... Click the link for more information.
lease or tenancy is the right to use or occupy personal property or real property given by a to another person (usually called the or tenant) for a fixed or indefinite period of time, whereby the lessee obtains exclusive possession of the property in return for paying the
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..... Click the link for more information.
Property law
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
..... Click the link for more information.
Part of the common law series
Acquisition of property
Gift · Adverse possession · Deed
Lost, mislaid, and abandoned property
Alienation · Bailment · License
Estates in land
..... Click the link for more information.
A rental agreement is a contract, usually written, between the owner of a property and a renter who desires to have temporary possession of the property. As a minimum, the agreement identifies the parties, the property, the term of the rental, and the amount of rent for the term.
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..... Click the link for more information.
Leasehold Valuation Tribunals (LVTs) are statutory tribunals in England which determine various types of landlord and tenant dispute involving residential property in the private sector.
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