Post by Brent George on Apr 4, 2019 19:49:57 GMT
Most Surveyors and Lawyers are aware of the pros and cons of owning leasehold land.
Most landowners (and certainly prospective landowners) do not.
The issues related to a basic leasehold property - one with a single residential dwelling on land owned by a Commercial Trust (for example) - are not too complex.
The issues related to a multi-unit apartment complex are - well - complex...
This article Stuff: 29-March-2019 identifies a critical problem - that of declining property value of the leasehold, resulting from the increased value of the land - and therefore rent of that land charged to the leaseholder.
A 'First World' problem perhaps, but a real problem for those property owners stuck in the spiral of property value decline....
Most landowners (and certainly prospective landowners) do not.
The issues related to a basic leasehold property - one with a single residential dwelling on land owned by a Commercial Trust (for example) - are not too complex.
The issues related to a multi-unit apartment complex are - well - complex...
This article Stuff: 29-March-2019 identifies a critical problem - that of declining property value of the leasehold, resulting from the increased value of the land - and therefore rent of that land charged to the leaseholder.
A 'First World' problem perhaps, but a real problem for those property owners stuck in the spiral of property value decline....