What's the difference between freeholder and lease?
Freeholder
Definition:
(n.) The possessor of a freehold.
Example Sentences:
(1) However, few new commonhold flats are being built, as developers do not have the incentive of profiting from the freehold.
(2) It has enabled the Tories to buy back the freehold of the building, which they had sold off to cut their debts, giving them an opportunity to develop the listed property to raise cash.
(3) The declaration is not a cure-all, he adds, but can include things such as stipulating that the share of freehold relating to each flat is transferred when each one is sold and that the other joint owners agree to co-operate in transferring the freehold on sale.
(4) But Southern Cross is now struggling to meet a huge rent bill because it offloaded freeholds to raise cash during the boom years.
(5) The freehold was only shared with the owners of one other flat, so it seemed like a great arrangement.
(6) His first step was to bring the residents together so he could bring a leasehold valuation tribunal (LVT) case against the freeholder and property manager.
(7) No Freeman shall be taken or imprisoned, or be disseised of his Freehold, or Liberties, or free Customs, or be outlawed, or exiled, or any other wise destroyed; nor will We not pass upon him, nor condemn him, but by lawful judgment of his Peers, or by the Law of the land.
(8) There are things you could – and should – do before you buy a share of freehold property.
(9) "Where the building contains only a few flats it is not always appropriate to form a company to share the freehold.
(10) Because of the problems it has seen relating to share of freehold, the advisory service has issued advice to people buying this type of property to consider a declaration of trust.
(11) It also left £65m of cash in the business, later increased to £74m, as well as about £100m of freehold and long leaseholds.
(12) Sir Ken always maintained that Morrisons should keep hold of the freeholds on its properties and fought to limit debt – even during the company's buyout of Safeway.
(13) Under this arrangement, upkeep of all the common areas will be the responsibility of the shared freeholders, who can either arrange the work themselves or employ a managing agent.
(14) If an emirate’s sovereign wealth fund were to pop up with a £20bn offer for the Palace of Westminster’s freehold, promising a leaseback to parliament after a lavish refurbishment that closed it for half-a-dozen years, who can say that this wouldn’t be welcomed by a British government as yet more evidence that “UK plc is open for business”?
(15) T'would be amusing if it were to happen while the freeholder of this blog Marcus Christenson, the crown prince of Sweden, was on holiday.
(16) When Debenhams was taken over by private equity in the boom years of the noughties, its executives sold off freehold properties, cut costs, and loaded the business with £1bn in debt, before trebling their money by floating it on the Stock Exchange.
(17) Channel 4 currently has £200m in reserves as well as a £250m unused borrowing facility, as well as the freehold on its central London headquarters, which could bring in a further £50m.
(18) In the case of “foundation” schools – schools whose ownership is in the hands of a trust – switching to academy status entails a direct transfer of freehold from the trust to the new sponsors.
(19) The lending criteria of one unnamed major bank, sent to brokers, says the following are excluded: “Studio flats, freehold flats, flats with unacceptable access arrangements (eg rear external staircases), flats converted from former office blocks or flats within blocks where our valuer reports inadequate maintenance of communal areas, ex-local authority or ex-public sector flats that are greater than four storeys high or that have open decking access.” Anecdotally, there is evidence that some lenders are also becoming nervous about expensive one-bedroom flats in London, limiting the maximum mortgage to £500,000.
(20) He already holds the cheaply bought freehold of the Croydon building so the shop does not need to be that profitable to give him a healthy return.
Lease
Definition:
(v. i.) To gather what harvesters have left behind; to glean.
(v. t.) To grant to another by lease the possession of, as of lands, tenements, and hereditaments; to let; to demise; as, a landowner leases a farm to a tenant; -- sometimes with out.
(v. t.) To hold under a lease; to take lease of; as, a tenant leases his land from the owner.
(v. t.) A demise or letting of lands, tenements, or hereditaments to another for life, for a term of years, or at will, or for any less interest than that which the lessor has in the property, usually for a specified rent or compensation.
(v. t.) The contract for such letting.
(v. t.) Any tenure by grant or permission; the time for which such a tenure holds good; allotted time.
Example Sentences:
(1) Mindful of their own health ahead of their mission, astronauts at the Russia-leased launchpad in Kazakhstan remain in strict isolation in the days ahead of any launch to avoid exposure to infection.
(2) In 2005, Westbrook bought the £190m head lease for Dolphin Square, once the largest block of flats in the world with a colourful list of former residents, including more than 70 MPs, at least 10 Lords and a number of intelligence agency personnel.
(3) The Labour leadership election gained a new lease of life today as parliament's first black female MP, Diane Abbott , entered the race and the party extended the deadline for nominations, giving extra time for new candidates to emerge.
(4) In 2012, the state and county committed $226m to the team in a new lease deal.
(5) In addition, another 25 million acres of state and federal lands in the U.S. Arctic — onshore and off — are open to oil and gas leasing; of that,13.5 million acres have already been leased.
(6) A student who lost her leg in the Alton Towers rollercoaster crash says she has been given a new lease of life by a hi-tech prosthetic leg and that she is stronger for her harrowing experience.
(7) Many articles published on the topic of lease financing point only to the benefits that may be derived.
(8) The MD-83 aircraft, owned by Spanish company Swiftair and leased by Algeria's flagship carrier, disappeared from radar less than an hour after it took off from Ouagadougou for Algiers.
(9) Although providing a new lease on life is very rewarding within itself, it can also be stressful for all involved.
(10) His lieutenants have floated the possibility that whoever takes over our roads could get them on 100-year leases – which would just be transferring a public asset to some private-sector oligarch.
(11) The retailer has also taken a £70m hit from onerous leases, and distribution centre closures in Harlow and Weybridge cost £30m.
(12) NT chief minister Adam Giles said the decision to lease the port rather than sell allowed the government to ensure conditions are upheld.
(13) But landlords often put your rent up massively at the end of your lease, meaning you have to move every two years."
(14) The village of Point Hope, Alaska, joined by numerous native and environmental groups, is now challenging offshore development on the 2.9 million acres in the Chukchi Sea, contending that MMS violated federal environmental laws when it conducted the lease sales.
(15) Her rent was increased by $20 as soon as her fixed-term lease ended, despite already being more expensive than similar properties in the area.
(16) That approval was therefore invalid, she said, adding the company was yet to obtain a mining lease for Alpha.
(17) But as Kathimerini.com reports, the plan is to definitely to lease the islands, not sell them forever: The fund reviewed 562 of the estimated 6,000 islands and islets under Greek sovereignty.
(18) The company hired by Royal Dutch Shell plc in 2012 to drill on petroleum leases in the Chukchi — Sugarland, Texas-based Noble Drilling US LLC — in December agreed to pay $12.2m after pleading guilty to eight felony environmental and maritime crimes on board the Noble Discoverer.
(19) However, Adani has turned to the national native title tribunal to override this objection, which would allow the state government to issue a lease for the mine.
(20) Contracts with a Lend Lease-led consortium were signed last week and construction is due to begin this year.