leasehold estate

(redirected from Leasehold estates)

leasehold estate

The interest a tenant has to possess and use property by virtue of a lease.

References in periodicals archive ?
A portion of her practice is devoted to transactional matters, including negotiating and drafting oil and gas agreements, curing title defects, and performing analysis of ownership rights in surface, mineral, royalty and leasehold estates.
According to The Appraisal of Real Estate, fourteenth edition, the market value of the leased fee and leasehold estates should each stand on its own merits, with the combined results compared to the market value of the fee simple estate for the same property, and a favorable lease can never enhance the market value of the fee simple estate.
The court rejected this method of allocating the award, as there was no direct evidence supporting the diminished value of the lessee's leasehold estate amounting to 95% of the award.
THE International Accounting Standards Board (IASB) is presently seeking comments on its discussion paper issued earlier this year that recommended putting all leases on-balance sheet, rather than just leases currently classified as finance leases For analysts and investors the proposals are likely to be welcomed, but for occupiers of property leases, particularly those with large leasehold estates and with long average lease lengths the proposals are not so welcome.
Significant Representations include: IXIS Mortgage Capital in the origination of a $286,300,000 mezzanine loan secured by equity interests in the holders of mortgage loans encumbering the fee and leasehold estates in and to the Hyatt Waikiki Hotel, and the simultaneous investment by an affiliate of lender in the borrowing entity (a joint venture controlled by Apollo Real Estate Advisors and Trinity Investments); and representation of Gramercy Capital Corporation in the origination of a $150,000,000 revolving credit facility to Forest City Ratner to finance the acquisition of the various real estate interests required for the development of Atlantic Yards.
On the death of George Jones in 1872 the leasehold estates were sold and 'The Rosherville Gardens Company Limited' took ownership for the remainder of the nineteenth century.
'Certain sectors will be harder hit than others and, while retailers and industrialists who have held onto or occupy freeholds will be least affected, those with substantial leasehold estates are likely to be most affected.'
The freehold and leasehold estates were split off in 1961 when a Helmsley group was the owner.
Rather, they value interests in real estate such as the fee simple, leased fee, or leasehold estates. Further interests are created if these estates are fragmented (i.e., partnership or corporate shareholders interest) or if they are encumbered by mortgages.[18] Just as deeds and leases create certain rights and restrictions, so do mortgage encumbrances.
The proposed definition applies equally to the fee simple estate of an industrial building in Topeka, to the leasehold estate of a service station in Cincinnati, and to the leased fee estate of strip stores in Little Rock.
However, a mechanic's lien may be unenforceable against a property owner if the materials are supplied on contract with a leaseholder making improvements to a leasehold estate. If the leaseholder defaults on payment, or files for bankruptcy protection, then the material supplier may be without a remedy, while the property owner receives a benefit without besting a burden.
Payment issues may arise when materials are supplied to a project involving improvements to a leasehold estate. Generally, the leaseholder, not the property owner, contracts to construct the improvements.