what happens when a leasehold property runs out?
109978
If the leasehold of your property does expire, then the property will revert 'back' to being a freehold instead of a leasehold. This will therefore mean ownership of the land and building will go back to the freeholder. For example, if you had another sixty years left on the lease of your property in 2019.
730979
When your tenant breaks a lease by leaving the rental property before the term expires, you have the right to collect the money you are owed. A lease agreement with a fixed term means the tenant owes you rent until you can lease the property out again to a qualified renter or the lease expires, whichever happens first.
870205
If the tenants move out at the end of the fixed term, the tenancy ends. It will no longer exist. ... Sometimes they may even put in their tenancy agreement a clause requiring the tenant to give notice if they want to leave at the end of the fixed term and providing for them to pay 'rent in lieu of notice' if they don't.
184421
When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. ... In a few states, if a tenant continues to pay rent after a lease expires and the landlord accepts the rent, the lease is automatically renewed.
32605
When a lease ends, a tenant may choose to move, continue to pay rent as a month-to-month tenant, or sign a new lease. If a tenant continues to pay rent after a lease ends, in most states the terms of the expired lease carry over into a month-to-month tenancy.
655692
The Government's financial resources also have to be considered. The message was loud and clear: For most flats, the land will return to the State at the end of 99 years. ... After all, Central Provident Fund usage and HDB loans are restricted to the purchase of flats with a remaining lease of less than 60 years.
985610
Malaysian properties are divided into two main types in terms of leases, namely freehold and leasehold. ... Therefore any leasehold land that has exceeded its lease period will automatically revert back to the state government, basically making your house or apartment (that sits on that land) illegal.
154217
No. All property is sold subject to existing leases, so your existing lease cannot be "voided" (or terminated) simply because the property is sold. ... Those provisions usually call for lump-sum payments to the tenant as compensation for the remaining unused term of the lease.
362151
Freehold is typically for houses and leasehold is usually for flats. Freehold means that you own the land and the building that sits on it. Leasehold means that you own a lease, which is a contract that gives you the right to live in the property for a set number of years (for example, 99, 125 or 999 years).
1442223
Each day, leases throughout Florida are coming closer to their end or have ended. If a tenant remains in a Florida residential or commercial property after the natural expiration of the lease, the tenant becomes what is known as a “holdover tenant.”
1340058
Under the Act, once the tenancy ends, the tenant no longer has the right to occupy the premises. If a tenant continues to occupy the rental premises after the landlord has requested they move out, they may be subject to a penalty of two months rent for every month they remain on the premises, plus applicable costs.
23009
If your landlord has fallen behind with their payments, their mortgage lender could take them to court to get possession of the property. This will usually give them permission to evict anyone who lives there. You may have some rights if your tenancy is binding on the landlord's mortgage lender.
1257775
You only own a leasehold property for a fixed period of time. You'll have a legal agreement with the landlord (sometimes known as the 'freeholder') called a 'lease'. This tells you how many years you'll own the property. Ownership of the property returns to the landlord when the lease comes to an end.
706429
If they don't pay and they don't move out, you can formally terminate their agreement and they lose the right to occupy the dwelling. If your tenant isn't paying rent and won't leave, then you have to file an action with your local eviction court.
385773
Your landlord's interest will be sold subject to any existing leases, which means that the buyer will inherit you as a tenant and become your new landlord. ... You should take immediate legal advice in the event it becomes clear that your new landlord intends to regain possession under the 1954 Act.
1347429
You don't get enough from the sale to cover what you owe If the money from the sale of the property is not enough to repay what you owe, you will have to pay the difference. ... If you don't pay off the mortgage shortfall and then buy another property, the lender of your first property may take court action against you.
78566
The freeholder owns the land the property is built on, which means you, as a leaseholder, have to pay 'ground rent'. ... Once the lease expires, the property reverts 'back' to being a freehold property, where both the building and the land it is on are under the ownership of the freeholder.