What is Alienation?
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The sale or underletting of leasehold land.
What are Profits?
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, Aka. Profits a prendre.
A right to go on to somebody else's land and remove from the land
something which exists natrually.
E.g., a right to catch and take fish for a right to graze animals.
What is an Option?
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An option enables the owner of the option to insist that the land is sold to
them at any time during the fixed period of the option (must not exceed 21
years).
An option fee is usually payable, but the full purchase price only becomes
payable if the option is exercised.
What is a Charge?
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An alternative word for a mortgage also expressed as a charge by way of
legal mortgage.
What is a Mortgage?
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The sale or underletting of leasehold land.
What are Profits?
Give this one a try later!
, Aka. Profits a prendre.
A right to go on to somebody else's land and remove from the land
something which exists natrually.
E.g., a right to catch and take fish for a right to graze animals.
What is an Option?
Give this one a try later!
An option enables the owner of the option to insist that the land is sold to
them at any time during the fixed period of the option (must not exceed 21
years).
An option fee is usually payable, but the full purchase price only becomes
payable if the option is exercised.
What is a Charge?
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An alternative word for a mortgage also expressed as a charge by way of
legal mortgage.
What is a Mortgage?
Give this one a try later!
