Hello everyone, I want to develop a building plot under a leasehold agreement. What should be considered? Please no discussions about the pros and cons of a leasehold plot. Thanks in advance. Emma-Os
The most important points are: - Ground lease issuer ([churches and communities are preferred by banks/appraisers over private individuals]) - Ground lease interest (how high is the yield on the standard land value - possibly a purchase + financing is better, possibilities for increases) - Term (should usually be 99 years) - Reversion provisions - Regulations upon termination of the ground lease
Oops... I haven't received an answer to my question yet... I have a leasehold contract myself. But then my instinct is right that I shouldn't write pages before information flows from the original poster. Topic closed ;)