Can the lessee (the owner of the LH estate) grant a lease?
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Yes
A sub-lease as long as it is shorter than their leasehold estate
non-acquisition mortgage
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to raise funds after the land is already owned
Equity and in writing
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Estates and interests are created or disposed of in equity
s 53 (1)(a)
i.e. giving or selling to another
In writing = terms incorporated, signed by both parties, do not need a
witness
Estates
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We don't own land, we own an estate
LPA 1925 s.1 - freehold and leasehold
Best rent
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market rent
if the tenant gets a discount (free rent) they cannot benefit from the parol
rule
acquisition mortgage
Give this one a try later!
Give this one a try later!
Yes
A sub-lease as long as it is shorter than their leasehold estate
non-acquisition mortgage
Give this one a try later!
to raise funds after the land is already owned
Equity and in writing
, Give this one a try later!
Estates and interests are created or disposed of in equity
s 53 (1)(a)
i.e. giving or selling to another
In writing = terms incorporated, signed by both parties, do not need a
witness
Estates
Give this one a try later!
We don't own land, we own an estate
LPA 1925 s.1 - freehold and leasehold
Best rent
Give this one a try later!
market rent
if the tenant gets a discount (free rent) they cannot benefit from the parol
rule
acquisition mortgage
Give this one a try later!
