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The most important class of chattels real are leasehold estates.
Leasehold estates: rights of possession and use but not ownership.
The landlord-tenant relationship is defined by existence of a leasehold estate.
For example, an apartment-dweller with a one year lease has a leasehold estate in her apartment.
This refers to a leasehold estate for any specific period of time (the word "years" is misleading).
Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.
As lease is a legal estate, leasehold estate can be bought and sold on the open market.
The small but more prominent section of the family located in Galicia was left with mostly leasehold estates.
The Act provided for the registration of Freehold and long leasehold estates in land.
Later on the village became a leasehold estate leased out to a succession of noble lessees.
The first, he says, about thirty years before, had many inhabitants, many holding leasehold estates under the lord of the manor for three lives.
Merger can be applied for when the freehold and leasehold estates become vested in the same person, whether or not both titles are registered.
There are four categories of leasehold estates:
The distinction between fixtures and fittings is crucial whenever a freehold or leasehold estate is sold to another.
The Justice of the Peace may also have authority over cases involving small debts, landlord and leasehold estate disputes, or other small claims court proceedings.
Land Management Services - Responsible for managing the freehold and leasehold estate portfolio to deliver best effect for defence.
At the time, Hainshallig was leased to a Hooge resident as part of a leasehold estate and was used for the production of hay.
His last known work, entitled A Defence of the Church's Right in Leasehold Estates, appeared as early as 1731.
In the same way, a landlord might inform a leasehold estate that rent has been reduced, for example, if there was construction or a lapse in utility services.
Husmann is the name for the Norwegian tenant farmer with leasehold estate somewhat similar to the Swedish torp or the Scottish crofter.
To his only sister Anne and her husband Lewis Cawdry he left his father's leasehold estate at Alcester, where he was born.
In the Middle Ages, there used to be a farm in Schoot which was a leasehold estate of the Abbey of Echternach.
A leasehold estate is measured by a fixed period of time; it is often called a term of years, though a tenancy for weeks or months is equally a leasehold.
The client should be advised of this, and at the same time that it is an undesirable feature of a leasehold estate: then it's for the client to decide whether to proceed.
Freehold (law) and fee simple: ownership of land and the buildings on such land (as opposed to a leasehold estate where property reverts to the owner when the lease expires)