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𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐎𝐅 𝐀 𝐋𝐄𝐀𝐒𝐄 𝐇𝐎𝐋𝐃 𝐓𝐈𝐓𝐋𝐄 𝐃𝐄𝐄𝐃 !
𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐎𝐟 𝐀 𝐋𝐞𝐚𝐬𝐞-𝐡𝐨𝐥𝐝 𝐓𝐢𝐭𝐥𝐞 𝐃𝐞𝐞𝐝
1.𝑻𝒉𝒆 𝒉𝒆𝒂𝒅𝒆𝒓 𝒘𝒓𝒊𝒕𝒕𝒆𝒏 '𝒄𝒆𝒓𝒕𝒊𝒇𝒊𝒄𝒂𝒕𝒆 𝒐𝒇 𝒕𝒊𝒕𝒍𝒆.'
2. 𝑻𝒊𝒕𝒍𝒆 𝒏𝒖𝒎𝒃𝒆𝒓 𝒆𝒈. 𝑰𝑹 244714.
3.𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓 𝒊𝒆. 𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒐𝒇 𝑲𝒆𝒏𝒚𝒂.
4. 𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒆𝒆 (𝒔) 𝒊𝒆. 𝒀𝒐𝒖𝒓 𝒏𝒂𝒎𝒆 - 𝒂𝒍𝒔𝒐 𝒌𝒏𝒐𝒘𝒏 𝒂𝒔 𝒑𝒓𝒐𝒑𝒓𝒊𝒆𝒕𝒐𝒓.
5. 𝑻𝒉𝒆 𝒕𝒆𝒓𝒎 (999 𝒚𝒆𝒂𝒓𝒔 ,99𝒚𝒆𝒂𝒓𝒔 ,45 𝒚𝒆𝒂𝒓𝒔 )-𝒖𝒔𝒖𝒂𝒍𝒍𝒚 𝒇𝒓𝒐𝒎 1𝒔𝒕 𝑨𝒑𝒓𝒊𝒍 1936.
6.𝑻𝒉𝒆 𝒓𝒆𝒏𝒕 (𝑨𝒎𝒐𝒖𝒏𝒕 𝒑𝒂𝒚𝒂𝒃𝒍𝒆 𝒕𝒐 𝒕𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓.)
7. 𝑻𝒉𝒆 𝒍𝒆𝒂𝒔𝒆 𝒆𝒇𝒇𝒆𝒄𝒕𝒊𝒗𝒆 𝒅𝒂𝒕𝒆.
8.𝑻𝒉𝒆 𝒂𝒓𝒆𝒂 (𝑨𝒑𝒑𝒓𝒐𝒙𝒊𝒎𝒂𝒕𝒆 𝒔𝒊𝒛𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒍𝒂𝒏𝒅)
9. 𝑻𝒉𝒆 𝒔𝒆𝒂𝒍 𝒄𝒂𝒏 𝒃𝒆 𝒑𝒆𝒆𝒍𝒆𝒅.
10. 𝑻𝒉𝒆 𝒄𝒐𝒖𝒓𝒕 𝒐𝒇 𝒂𝒓𝒎𝒔 𝒊𝒔 𝒄𝒐𝒍𝒐𝒖𝒓𝒆𝒅.
11. 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒂𝒏𝒅 𝒑𝒓𝒆𝒗𝒊𝒐𝒖𝒔 𝒉𝒐𝒏𝒐𝒖𝒓𝒔 𝒂𝒓𝒆 𝒊𝒏𝒅𝒊𝒄𝒂𝒕𝒆𝒅 (𝒔𝒖𝒄𝒉 𝒕𝒉𝒂𝒕 𝒘𝒉𝒆𝒏 𝒚𝒐𝒖 𝒑𝒖𝒓𝒄𝒉𝒂𝒔𝒆 𝒂𝒔 𝒕𝒉𝒆 𝒄𝒖𝒓𝒓𝒆𝒏𝒕 𝒃𝒖𝒚𝒆𝒓, 𝒊𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒔𝒕𝒂𝒎𝒑𝒆𝒅 𝒂𝒔 𝒕𝒉𝒆 𝒍𝒂𝒔𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒔𝒉𝒆𝒆𝒕.)
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published: 19 Apr 2023
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Four Types of Leaseholds: Property Law 101 #76
Property Law 101 with Sara Bronin is intended to be a resource for anyone to learn about fundamental aspects of property law. The series covers four fundamental questions: (1) What is property? (2) How do we acquire property? (3) What can we do with property? (4) How are property interests held? It is not intended to be legal advice!
Be in touch on Twitter at @sarabronin or at www.sarabronin.com.
published: 02 Apr 2021
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Types of Leaseholds
Covers: Four types of leasehold estates held by tenants; Fixed-term tenancy; Periodic tenancy; Tenancy-at-will; Tenancy-at-sufferance.
More information about this topic is available @ http://firsttuesdayjournal.com.
More information about our real estate licensing and renewal courses is available @ http://firsttuesday.us.
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published: 09 Oct 2018
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Leaseholds WILL NOT Be Abolished This Year
Leaseholds WILL NOT Be Abolished This Year.
In this in-depth video, we dissect the recent announcement that leaseholds will not be abolished this year. We delve into the complexities of the leasehold system, discuss the reasons behind the decision, and unpack what this means for homeowners and prospective property buyers. Join us as we tap into the insights of real estate experts, legal professionals, and affected homeowners to provide a comprehensive understanding of the situation. Whether you're a property owner, investor, or someone planning to buy a house, this video will provide the essential knowledge you need.
Let me know your thoughts, comment below, any questions also post them below.
Join the Priority List to become a member of The Property Accelerator - https://property-ac...
published: 21 May 2023
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Short lease and leaseholds
Check our our Friday tip of the day by our very own Chris Griffiths on short lease and lease holds.
published: 11 Jul 2014
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Leaseholds Vs Freeholds
Leasehold vs Freehold
When purchasing a property, you will buy either a freehold or a leasehold. It is important to learn about the distinctions between the two as they lead to widely different costs and responsibilities. Unlike flats, most detached, semi-detached, and terraced homes are freeholds.
Freehold
As a freeholder, you own both the property and the land. Hence, you are responsible for any repairs, upkeep, and maintenance costs. Freeholders are able to make decisions regarding their property upkeep and modifications such as loft extensions, and removal of carpets. Major property modifications may require local council permission.
Leaseholds
Leaseholds are very different to freeholds. Most leaseholds are flats. Leaseholders have ownership of the property for a set period of tim...
published: 25 Dec 2021
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LEASEHOLDS: Everything You Need To Know
Leaseholds can be confusing! In todays video I'm going to run through the basics of leaseholds, how they differ from freeholds and how to approach buying one for a property if you don't own it.
published: 03 Feb 2022
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Extending your lease - Section 42 UK
In this video I explain about about how lease extensions work in the England, your entitlements and why extending your lease might benefit you. 📈
If you own a flat or are thinking of buying a flat, you might want to check how long your unexpired term is and deal with it sooner rather than later.
Under the Leasehold Reform Housing and Urban Development Act 1993 (LRHUDA 1993), a leaseholder is entitled to a lease extension after they have owned the property for 2 years. The extension is an additional 90 years added to the current unexpired term of your lease. You also end up with a "peppercorn ground rent" which essentially means zero pounds.
So for example, if you have an unexpired terms of 82 years and you pay ground rent, you'll end up with a new 172 year lease and no ground rent.
Be...
published: 02 Nov 2020
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Am I staying away from LEASEHOLDS? | Property Investment UK
The battle between leaseholds and freeholds will always around, but why do I stay away from leaseholds? In this video I will be explaining why I don’t invest in leaseholds and the pros and cons of them. Have you invested in leaseholds? How do you find them? Let me know in the comments as id love to hear your experiences with them, are there more positives than negatives? Am I wrong in refusing to invest in them?
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00:00 - Intro
00:16 - What is a leasehold?
01:13 - Flats01:55 - Lease Hold Property
02:54 - You don’t own the property
03:17 - Permissions
03:46 - Limited Lenders
04:47 - External building costs
05:20 - Antisocial behaviour
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published: 11 May 2022
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Understanding Types of Leaseholds
Explain : Types of Leaseholds
A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the right to use the property in exchange for a series of scheduled payments over the term of the lease. Renting space in an office building for a company's use or renting a building to be used for a retail store are two examples of a commercial leasehold arrangement.
published: 10 Jul 2021
9:50
𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒 𝐎𝐅 𝐀 𝐋𝐄𝐀𝐒𝐄 𝐇𝐎𝐋𝐃 𝐓𝐈𝐓𝐋𝐄 𝐃𝐄𝐄𝐃 !
𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐎𝐟 𝐀 𝐋𝐞𝐚𝐬𝐞-𝐡𝐨𝐥𝐝 𝐓𝐢𝐭𝐥𝐞 𝐃𝐞𝐞𝐝
1.𝑻𝒉𝒆 𝒉𝒆𝒂𝒅𝒆𝒓 𝒘𝒓𝒊𝒕𝒕𝒆𝒏 '𝒄𝒆𝒓𝒕𝒊𝒇𝒊𝒄𝒂𝒕𝒆 𝒐𝒇 𝒕𝒊𝒕𝒍𝒆.'
2. 𝑻𝒊𝒕𝒍𝒆 𝒏𝒖𝒎𝒃𝒆𝒓 𝒆𝒈. 𝑰𝑹 244714.
3.𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓 𝒊𝒆. 𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒐𝒇 𝑲𝒆𝒏𝒚𝒂.
4. 𝑻𝒉𝒆 𝒍𝒆...
𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐎𝐟 𝐀 𝐋𝐞𝐚𝐬𝐞-𝐡𝐨𝐥𝐝 𝐓𝐢𝐭𝐥𝐞 𝐃𝐞𝐞𝐝
1.𝑻𝒉𝒆 𝒉𝒆𝒂𝒅𝒆𝒓 𝒘𝒓𝒊𝒕𝒕𝒆𝒏 '𝒄𝒆𝒓𝒕𝒊𝒇𝒊𝒄𝒂𝒕𝒆 𝒐𝒇 𝒕𝒊𝒕𝒍𝒆.'
2. 𝑻𝒊𝒕𝒍𝒆 𝒏𝒖𝒎𝒃𝒆𝒓 𝒆𝒈. 𝑰𝑹 244714.
3.𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓 𝒊𝒆. 𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒐𝒇 𝑲𝒆𝒏𝒚𝒂.
4. 𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒆𝒆 (𝒔) 𝒊𝒆. 𝒀𝒐𝒖𝒓 𝒏𝒂𝒎𝒆 - 𝒂𝒍𝒔𝒐 𝒌𝒏𝒐𝒘𝒏 𝒂𝒔 𝒑𝒓𝒐𝒑𝒓𝒊𝒆𝒕𝒐𝒓.
5. 𝑻𝒉𝒆 𝒕𝒆𝒓𝒎 (999 𝒚𝒆𝒂𝒓𝒔 ,99𝒚𝒆𝒂𝒓𝒔 ,45 𝒚𝒆𝒂𝒓𝒔 )-𝒖𝒔𝒖𝒂𝒍𝒍𝒚 𝒇𝒓𝒐𝒎 1𝒔𝒕 𝑨𝒑𝒓𝒊𝒍 1936.
6.𝑻𝒉𝒆 𝒓𝒆𝒏𝒕 (𝑨𝒎𝒐𝒖𝒏𝒕 𝒑𝒂𝒚𝒂𝒃𝒍𝒆 𝒕𝒐 𝒕𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓.)
7. 𝑻𝒉𝒆 𝒍𝒆𝒂𝒔𝒆 𝒆𝒇𝒇𝒆𝒄𝒕𝒊𝒗𝒆 𝒅𝒂𝒕𝒆.
8.𝑻𝒉𝒆 𝒂𝒓𝒆𝒂 (𝑨𝒑𝒑𝒓𝒐𝒙𝒊𝒎𝒂𝒕𝒆 𝒔𝒊𝒛𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒍𝒂𝒏𝒅)
9. 𝑻𝒉𝒆 𝒔𝒆𝒂𝒍 𝒄𝒂𝒏 𝒃𝒆 𝒑𝒆𝒆𝒍𝒆𝒅.
10. 𝑻𝒉𝒆 𝒄𝒐𝒖𝒓𝒕 𝒐𝒇 𝒂𝒓𝒎𝒔 𝒊𝒔 𝒄𝒐𝒍𝒐𝒖𝒓𝒆𝒅.
11. 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒂𝒏𝒅 𝒑𝒓𝒆𝒗𝒊𝒐𝒖𝒔 𝒉𝒐𝒏𝒐𝒖𝒓𝒔 𝒂𝒓𝒆 𝒊𝒏𝒅𝒊𝒄𝒂𝒕𝒆𝒅 (𝒔𝒖𝒄𝒉 𝒕𝒉𝒂𝒕 𝒘𝒉𝒆𝒏 𝒚𝒐𝒖 𝒑𝒖𝒓𝒄𝒉𝒂𝒔𝒆 𝒂𝒔 𝒕𝒉𝒆 𝒄𝒖𝒓𝒓𝒆𝒏𝒕 𝒃𝒖𝒚𝒆𝒓, 𝒊𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒔𝒕𝒂𝒎𝒑𝒆𝒅 𝒂𝒔 𝒕𝒉𝒆 𝒍𝒂𝒔𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒔𝒉𝒆𝒆𝒕.)
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#kilonzombuvi
#buildlivethrive
https://wn.com/𝐅𝐄𝐀𝐓𝐔𝐑𝐄𝐒_𝐎𝐅_𝐀_𝐋𝐄𝐀𝐒𝐄_𝐇𝐎𝐋𝐃_𝐓𝐈𝐓𝐋𝐄_𝐃𝐄𝐄𝐃
𝐅𝐞𝐚𝐭𝐮𝐫𝐞𝐬 𝐎𝐟 𝐀 𝐋𝐞𝐚𝐬𝐞-𝐡𝐨𝐥𝐝 𝐓𝐢𝐭𝐥𝐞 𝐃𝐞𝐞𝐝
1.𝑻𝒉𝒆 𝒉𝒆𝒂𝒅𝒆𝒓 𝒘𝒓𝒊𝒕𝒕𝒆𝒏 '𝒄𝒆𝒓𝒕𝒊𝒇𝒊𝒄𝒂𝒕𝒆 𝒐𝒇 𝒕𝒊𝒕𝒍𝒆.'
2. 𝑻𝒊𝒕𝒍𝒆 𝒏𝒖𝒎𝒃𝒆𝒓 𝒆𝒈. 𝑰𝑹 244714.
3.𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓 𝒊𝒆. 𝑮𝒐𝒗𝒆𝒓𝒏𝒎𝒆𝒏𝒕 𝒐𝒇 𝑲𝒆𝒏𝒚𝒂.
4. 𝑻𝒉𝒆 𝒍𝒆𝒔𝒔𝒆𝒆 (𝒔) 𝒊𝒆. 𝒀𝒐𝒖𝒓 𝒏𝒂𝒎𝒆 - 𝒂𝒍𝒔𝒐 𝒌𝒏𝒐𝒘𝒏 𝒂𝒔 𝒑𝒓𝒐𝒑𝒓𝒊𝒆𝒕𝒐𝒓.
5. 𝑻𝒉𝒆 𝒕𝒆𝒓𝒎 (999 𝒚𝒆𝒂𝒓𝒔 ,99𝒚𝒆𝒂𝒓𝒔 ,45 𝒚𝒆𝒂𝒓𝒔 )-𝒖𝒔𝒖𝒂𝒍𝒍𝒚 𝒇𝒓𝒐𝒎 1𝒔𝒕 𝑨𝒑𝒓𝒊𝒍 1936.
6.𝑻𝒉𝒆 𝒓𝒆𝒏𝒕 (𝑨𝒎𝒐𝒖𝒏𝒕 𝒑𝒂𝒚𝒂𝒃𝒍𝒆 𝒕𝒐 𝒕𝒉𝒆 𝒍𝒆𝒔𝒔𝒐𝒓.)
7. 𝑻𝒉𝒆 𝒍𝒆𝒂𝒔𝒆 𝒆𝒇𝒇𝒆𝒄𝒕𝒊𝒗𝒆 𝒅𝒂𝒕𝒆.
8.𝑻𝒉𝒆 𝒂𝒓𝒆𝒂 (𝑨𝒑𝒑𝒓𝒐𝒙𝒊𝒎𝒂𝒕𝒆 𝒔𝒊𝒛𝒆 𝒐𝒇 𝒕𝒉𝒆 𝒍𝒂𝒏𝒅)
9. 𝑻𝒉𝒆 𝒔𝒆𝒂𝒍 𝒄𝒂𝒏 𝒃𝒆 𝒑𝒆𝒆𝒍𝒆𝒅.
10. 𝑻𝒉𝒆 𝒄𝒐𝒖𝒓𝒕 𝒐𝒇 𝒂𝒓𝒎𝒔 𝒊𝒔 𝒄𝒐𝒍𝒐𝒖𝒓𝒆𝒅.
11. 𝑪𝒖𝒓𝒓𝒆𝒏𝒕 𝒂𝒏𝒅 𝒑𝒓𝒆𝒗𝒊𝒐𝒖𝒔 𝒉𝒐𝒏𝒐𝒖𝒓𝒔 𝒂𝒓𝒆 𝒊𝒏𝒅𝒊𝒄𝒂𝒕𝒆𝒅 (𝒔𝒖𝒄𝒉 𝒕𝒉𝒂𝒕 𝒘𝒉𝒆𝒏 𝒚𝒐𝒖 𝒑𝒖𝒓𝒄𝒉𝒂𝒔𝒆 𝒂𝒔 𝒕𝒉𝒆 𝒄𝒖𝒓𝒓𝒆𝒏𝒕 𝒃𝒖𝒚𝒆𝒓, 𝒊𝒕 𝒘𝒊𝒍𝒍 𝒃𝒆 𝒔𝒕𝒂𝒎𝒑𝒆𝒅 𝒂𝒔 𝒕𝒉𝒆 𝒍𝒂𝒔𝒕 𝒊𝒏 𝒕𝒉𝒆 𝒔𝒉𝒆𝒆𝒕.)
📲 0719 287186
#PropertyNavigator
#kilonzombuvi
#buildlivethrive
- published: 19 Apr 2023
- views: 302
4:39
Four Types of Leaseholds: Property Law 101 #76
Property Law 101 with Sara Bronin is intended to be a resource for anyone to learn about fundamental aspects of property law. The series covers four fundamenta...
Property Law 101 with Sara Bronin is intended to be a resource for anyone to learn about fundamental aspects of property law. The series covers four fundamental questions: (1) What is property? (2) How do we acquire property? (3) What can we do with property? (4) How are property interests held? It is not intended to be legal advice!
Be in touch on Twitter at @sarabronin or at www.sarabronin.com.
https://wn.com/Four_Types_Of_Leaseholds_Property_Law_101_76
Property Law 101 with Sara Bronin is intended to be a resource for anyone to learn about fundamental aspects of property law. The series covers four fundamental questions: (1) What is property? (2) How do we acquire property? (3) What can we do with property? (4) How are property interests held? It is not intended to be legal advice!
Be in touch on Twitter at @sarabronin or at www.sarabronin.com.
- published: 02 Apr 2021
- views: 536
2:41
Types of Leaseholds
Covers: Four types of leasehold estates held by tenants; Fixed-term tenancy; Periodic tenancy; Tenancy-at-will; Tenancy-at-sufferance.
More information about t...
Covers: Four types of leasehold estates held by tenants; Fixed-term tenancy; Periodic tenancy; Tenancy-at-will; Tenancy-at-sufferance.
More information about this topic is available @ http://firsttuesdayjournal.com.
More information about our real estate licensing and renewal courses is available @ http://firsttuesday.us.
Follow first tuesday on Twitter: https://twitter.com/firsttuesdayRE
Like first tuesday on Facebook: https://facebook.com/firsttuesdayRE/
https://wn.com/Types_Of_Leaseholds
Covers: Four types of leasehold estates held by tenants; Fixed-term tenancy; Periodic tenancy; Tenancy-at-will; Tenancy-at-sufferance.
More information about this topic is available @ http://firsttuesdayjournal.com.
More information about our real estate licensing and renewal courses is available @ http://firsttuesday.us.
Follow first tuesday on Twitter: https://twitter.com/firsttuesdayRE
Like first tuesday on Facebook: https://facebook.com/firsttuesdayRE/
- published: 09 Oct 2018
- views: 1638
10:25
Leaseholds WILL NOT Be Abolished This Year
Leaseholds WILL NOT Be Abolished This Year.
In this in-depth video, we dissect the recent announcement that leaseholds will not be abolished this year. We delv...
Leaseholds WILL NOT Be Abolished This Year.
In this in-depth video, we dissect the recent announcement that leaseholds will not be abolished this year. We delve into the complexities of the leasehold system, discuss the reasons behind the decision, and unpack what this means for homeowners and prospective property buyers. Join us as we tap into the insights of real estate experts, legal professionals, and affected homeowners to provide a comprehensive understanding of the situation. Whether you're a property owner, investor, or someone planning to buy a house, this video will provide the essential knowledge you need.
Let me know your thoughts, comment below, any questions also post them below.
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https://wn.com/Leaseholds_Will_Not_Be_Abolished_This_Year
Leaseholds WILL NOT Be Abolished This Year.
In this in-depth video, we dissect the recent announcement that leaseholds will not be abolished this year. We delve into the complexities of the leasehold system, discuss the reasons behind the decision, and unpack what this means for homeowners and prospective property buyers. Join us as we tap into the insights of real estate experts, legal professionals, and affected homeowners to provide a comprehensive understanding of the situation. Whether you're a property owner, investor, or someone planning to buy a house, this video will provide the essential knowledge you need.
Let me know your thoughts, comment below, any questions also post them below.
Join the Priority List to become a member of The Property Accelerator - https://property-accelerator.co.uk/priority
Download FREE Ebook 4 Simple Steps To Becoming Wealthy Through Property https://property-accelerator.co.uk/free-ebook/
Grab a FREE ticket to one of our live events here https://propertyacceleraator.ac-page.com/priority-list
Share this video: https://youtu.be/uFwyAVfPyoc
USEFUL
🚀 Subscribe to this channel for more awesome content https://james-nicholson.co.uk/ytproperty
CONNECT WITH JAMES ON SOCIAL MEDIA:
👍 Like my Facebook Page: https://james-nicholson.co.uk/fb
🙋♂️ Join my Facebook Group: https://www.facebook.com/groups/jamespropertyaccelerator/
❤️️ Follow me on Insta: https://james-nicholson.co.uk/insta
🐤 Follow me on Twitter: https://james-nicholson.co.uk/twitter
🏫 Connect with me on LinkedIn: https://james-nicholson.co.uk/linkedin
Videos
🔴 My First Property Investment https://youtu.be/BuJfYKzKNBY
Programs
💰 Find my programs here https://property-accelerator.co.uk/
Still not subscribed click here now
https://james-nicholson.co.uk/ytproperty
#propertyInvesting #propertymarket #housingmarket
https://www.youtube.com/c/PropertyAcceleratorJamesNicholson?sub_confirmation=1
- published: 21 May 2023
- views: 3904
1:45
Short lease and leaseholds
Check our our Friday tip of the day by our very own Chris Griffiths on short lease and lease holds.
Check our our Friday tip of the day by our very own Chris Griffiths on short lease and lease holds.
https://wn.com/Short_Lease_And_Leaseholds
Check our our Friday tip of the day by our very own Chris Griffiths on short lease and lease holds.
- published: 11 Jul 2014
- views: 155
2:02
Leaseholds Vs Freeholds
Leasehold vs Freehold
When purchasing a property, you will buy either a freehold or a leasehold. It is important to learn about the distinctions between the tw...
Leasehold vs Freehold
When purchasing a property, you will buy either a freehold or a leasehold. It is important to learn about the distinctions between the two as they lead to widely different costs and responsibilities. Unlike flats, most detached, semi-detached, and terraced homes are freeholds.
Freehold
As a freeholder, you own both the property and the land. Hence, you are responsible for any repairs, upkeep, and maintenance costs. Freeholders are able to make decisions regarding their property upkeep and modifications such as loft extensions, and removal of carpets. Major property modifications may require local council permission.
Leaseholds
Leaseholds are very different to freeholds. Most leaseholds are flats. Leaseholders have ownership of the property for a set period of time, the freehold belongs to another individual or to a management company. There are approximately 4.5 million leaseholds in England and Wales.
The lease itself may extend up to 999 years. At the end of the lease, the property ownership reverts to the Freeholder
Leaseholds have more restrictions than freeholds, for example, many leasehold flats do not permit pets. As a leaseholder, you will have annual costs, such as ground rent and service charges to support the upkeep of the building. The service charge may go up over time. Any major works will require permission from the freeholder. If the length of the lease is low, it is more challenging to resell the property or to get a mortgage. It is possible to extend the lease, though it can be a complex and costly process.
Share of Freehold
Finally, some properties come with a share of freehold whereby the freehold is split between flat owners within a property. Share of freehold leases are free to extend. Moreover, you will have more control over the service charges costs and no ground rent.
https://wn.com/Leaseholds_Vs_Freeholds
Leasehold vs Freehold
When purchasing a property, you will buy either a freehold or a leasehold. It is important to learn about the distinctions between the two as they lead to widely different costs and responsibilities. Unlike flats, most detached, semi-detached, and terraced homes are freeholds.
Freehold
As a freeholder, you own both the property and the land. Hence, you are responsible for any repairs, upkeep, and maintenance costs. Freeholders are able to make decisions regarding their property upkeep and modifications such as loft extensions, and removal of carpets. Major property modifications may require local council permission.
Leaseholds
Leaseholds are very different to freeholds. Most leaseholds are flats. Leaseholders have ownership of the property for a set period of time, the freehold belongs to another individual or to a management company. There are approximately 4.5 million leaseholds in England and Wales.
The lease itself may extend up to 999 years. At the end of the lease, the property ownership reverts to the Freeholder
Leaseholds have more restrictions than freeholds, for example, many leasehold flats do not permit pets. As a leaseholder, you will have annual costs, such as ground rent and service charges to support the upkeep of the building. The service charge may go up over time. Any major works will require permission from the freeholder. If the length of the lease is low, it is more challenging to resell the property or to get a mortgage. It is possible to extend the lease, though it can be a complex and costly process.
Share of Freehold
Finally, some properties come with a share of freehold whereby the freehold is split between flat owners within a property. Share of freehold leases are free to extend. Moreover, you will have more control over the service charges costs and no ground rent.
- published: 25 Dec 2021
- views: 15
6:25
LEASEHOLDS: Everything You Need To Know
Leaseholds can be confusing! In todays video I'm going to run through the basics of leaseholds, how they differ from freeholds and how to approach buying one fo...
Leaseholds can be confusing! In todays video I'm going to run through the basics of leaseholds, how they differ from freeholds and how to approach buying one for a property if you don't own it.
https://wn.com/Leaseholds_Everything_You_Need_To_Know
Leaseholds can be confusing! In todays video I'm going to run through the basics of leaseholds, how they differ from freeholds and how to approach buying one for a property if you don't own it.
- published: 03 Feb 2022
- views: 63
5:25
Extending your lease - Section 42 UK
In this video I explain about about how lease extensions work in the England, your entitlements and why extending your lease might benefit you. 📈
If you own a...
In this video I explain about about how lease extensions work in the England, your entitlements and why extending your lease might benefit you. 📈
If you own a flat or are thinking of buying a flat, you might want to check how long your unexpired term is and deal with it sooner rather than later.
Under the Leasehold Reform Housing and Urban Development Act 1993 (LRHUDA 1993), a leaseholder is entitled to a lease extension after they have owned the property for 2 years. The extension is an additional 90 years added to the current unexpired term of your lease. You also end up with a "peppercorn ground rent" which essentially means zero pounds.
So for example, if you have an unexpired terms of 82 years and you pay ground rent, you'll end up with a new 172 year lease and no ground rent.
Because this is a statutory right, you are essentially forcing the Freeholder to lose his right to get the flat back in the unexpired time, and the right to receive a ground rent over that period (if applicable - some flats don't have any ground rent). The value of this loss needs to be calculated which results in some sort of "premium". This is the compensation due to the Freeholder for extending your lease.
It is important to remember, that if your lease drops to 80 years or below, it gets even more expensive to extend because of marriage value. This is an extra element of value whereby the uplift in the flats value as a result of the lease extension is split 50/50. Calculating marriage value is not simple, and relies on knowledge of precedents set by courts, knowing the market values, and using some mathematical formulae.
As there is lots of variables that go into a lease extension calculation which are all subjective, there is often a justifiable range of figures. These are then negotiated.
The process looks like this (for leaseholders):
1. You instruct a Valuation Surveyor to provide you with a report outlining the figures.
2. Once you have the figures, you need a solicitor to serve a Section 42 notice on the Freeholder.
3. The Freeholder is given a minimum of 2 months (but with a deadline) to come back to you with an answer. They can either accept your proposed figure, or reject it.
4. Normally the Freeholder doesn't accept it, and sends back a counter offer, called a Section 45 notice.
5. This notice will state a new figure, which is likely to be a lot higher than the original notice figure.
6. Once you have received this, you can then instruct the surveyor to negotiate that figure down. The surveyors have 6 months to try and settle the matter before you consider applying the courts to have it settled.
To summarise, as your lease drops, so does the value of your property, so always be diligent and check because things can get costly.
Drop a comment down below if you have any questions about this process, property related questions or topics you would like me to discuss.👇🏻👇🏻👇🏻👇🏻👇🏻
Follow me on Instagram where i put out some small nuggets of knowledge aswell:
https://www.instagram.com/rw__property/
If you liked the video, remember to hit that like button and consider subscribing to keep up to date with my new videos.
Music cred: www.bensound.com
https://wn.com/Extending_Your_Lease_Section_42_UK
In this video I explain about about how lease extensions work in the England, your entitlements and why extending your lease might benefit you. 📈
If you own a flat or are thinking of buying a flat, you might want to check how long your unexpired term is and deal with it sooner rather than later.
Under the Leasehold Reform Housing and Urban Development Act 1993 (LRHUDA 1993), a leaseholder is entitled to a lease extension after they have owned the property for 2 years. The extension is an additional 90 years added to the current unexpired term of your lease. You also end up with a "peppercorn ground rent" which essentially means zero pounds.
So for example, if you have an unexpired terms of 82 years and you pay ground rent, you'll end up with a new 172 year lease and no ground rent.
Because this is a statutory right, you are essentially forcing the Freeholder to lose his right to get the flat back in the unexpired time, and the right to receive a ground rent over that period (if applicable - some flats don't have any ground rent). The value of this loss needs to be calculated which results in some sort of "premium". This is the compensation due to the Freeholder for extending your lease.
It is important to remember, that if your lease drops to 80 years or below, it gets even more expensive to extend because of marriage value. This is an extra element of value whereby the uplift in the flats value as a result of the lease extension is split 50/50. Calculating marriage value is not simple, and relies on knowledge of precedents set by courts, knowing the market values, and using some mathematical formulae.
As there is lots of variables that go into a lease extension calculation which are all subjective, there is often a justifiable range of figures. These are then negotiated.
The process looks like this (for leaseholders):
1. You instruct a Valuation Surveyor to provide you with a report outlining the figures.
2. Once you have the figures, you need a solicitor to serve a Section 42 notice on the Freeholder.
3. The Freeholder is given a minimum of 2 months (but with a deadline) to come back to you with an answer. They can either accept your proposed figure, or reject it.
4. Normally the Freeholder doesn't accept it, and sends back a counter offer, called a Section 45 notice.
5. This notice will state a new figure, which is likely to be a lot higher than the original notice figure.
6. Once you have received this, you can then instruct the surveyor to negotiate that figure down. The surveyors have 6 months to try and settle the matter before you consider applying the courts to have it settled.
To summarise, as your lease drops, so does the value of your property, so always be diligent and check because things can get costly.
Drop a comment down below if you have any questions about this process, property related questions or topics you would like me to discuss.👇🏻👇🏻👇🏻👇🏻👇🏻
Follow me on Instagram where i put out some small nuggets of knowledge aswell:
https://www.instagram.com/rw__property/
If you liked the video, remember to hit that like button and consider subscribing to keep up to date with my new videos.
Music cred: www.bensound.com
- published: 02 Nov 2020
- views: 3788
6:52
Am I staying away from LEASEHOLDS? | Property Investment UK
The battle between leaseholds and freeholds will always around, but why do I stay away from leaseholds? In this video I will be explaining why I don’t invest in...
The battle between leaseholds and freeholds will always around, but why do I stay away from leaseholds? In this video I will be explaining why I don’t invest in leaseholds and the pros and cons of them. Have you invested in leaseholds? How do you find them? Let me know in the comments as id love to hear your experiences with them, are there more positives than negatives? Am I wrong in refusing to invest in them?
----------------------------------------------------------------------------------------------
00:00 - Intro
00:16 - What is a leasehold?
01:13 - Flats01:55 - Lease Hold Property
02:54 - You don’t own the property
03:17 - Permissions
03:46 - Limited Lenders
04:47 - External building costs
05:20 - Antisocial behaviour
-----------------------------------------------------------------------------------------------
Interested in getting educated by me about all thing Property Investing then go to: https://bit.ly/aspireeducation
Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details!
Try PropertyData here: https://propertydata.co.uk/a/jamieyork
Before you go make sure you've subscribed to not miss out on the latest property investment videos!
https://wn.com/Am_I_Staying_Away_From_Leaseholds_|_Property_Investment_UK
The battle between leaseholds and freeholds will always around, but why do I stay away from leaseholds? In this video I will be explaining why I don’t invest in leaseholds and the pros and cons of them. Have you invested in leaseholds? How do you find them? Let me know in the comments as id love to hear your experiences with them, are there more positives than negatives? Am I wrong in refusing to invest in them?
----------------------------------------------------------------------------------------------
00:00 - Intro
00:16 - What is a leasehold?
01:13 - Flats01:55 - Lease Hold Property
02:54 - You don’t own the property
03:17 - Permissions
03:46 - Limited Lenders
04:47 - External building costs
05:20 - Antisocial behaviour
-----------------------------------------------------------------------------------------------
Interested in getting educated by me about all thing Property Investing then go to: https://bit.ly/aspireeducation
Want to become one of my investors? Do you have £100K ready to go? fill in your details here: Thanks! Go to www.aspirepropertygroup.co.uk and fill in your details!
Try PropertyData here: https://propertydata.co.uk/a/jamieyork
Before you go make sure you've subscribed to not miss out on the latest property investment videos!
- published: 11 May 2022
- views: 5733
3:13
Understanding Types of Leaseholds
Explain : Types of Leaseholds
A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a bui...
Explain : Types of Leaseholds
A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the right to use the property in exchange for a series of scheduled payments over the term of the lease. Renting space in an office building for a company's use or renting a building to be used for a retail store are two examples of a commercial leasehold arrangement.
https://wn.com/Understanding_Types_Of_Leaseholds
Explain : Types of Leaseholds
A leasehold is an accounting term for an asset being leased. The asset is typically property such as a building or space in a building. The lessee contracts with the lessor for the right to use the property in exchange for a series of scheduled payments over the term of the lease. Renting space in an office building for a company's use or renting a building to be used for a retail store are two examples of a commercial leasehold arrangement.
- published: 10 Jul 2021
- views: 23