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In English law, subinfeudation is the practice by which tenants, holding land under the king or other superior lord, carved out new and distinct tenures in their turn by sub-letting or alienating a part of their lands. [1] [2] The tenants were termed mesne lords, with regard to those holding from them, the immediate tenant being tenant in capite.
Privity of estate is a mutual or successive legal relationship to the same right in real property, such as the relationship between a landlord and tenant. [1] Thus, privity of estate refers to the legal relationship that two parties bear when their estates constitute one estate in law.
There were different kinds of tenure to fit various kinds of need. For instance, a military tenure might be by knight-service, requiring the tenant to supply the lord with a number of armed horsemen and ground troops. The fees were often lands, land revenue or revenue-producing real property, typically known as fiefs or fiefdoms. [4]
The narrower term 'tenancy' describes a lease in which the tangible property is land (including at any vertical section such as airspace, storey of building or mine).A premium is an amount paid by the tenant for the lease to be granted or to secure the former tenant's lease, often in order to secure a low rent, in long leases termed a ground rent.
Under the arcane tax rule of possessory interest, thousands of California tenants in subsidized housing could face individual tax bills upwards of $1,000 a year.
A leasehold estate is an ownership of a temporary right to hold land or property in which a lessee or a tenant has rights of real property by some form of title from a lessor or landlord. [1] Although a tenant does hold rights to real property, a leasehold estate is typically considered personal property.
You're planning to purchase a new home, and while browsing online, you've noticed many of the listings you're interested in contain unfamiliar real estate terms. Specifically, you want to learn ...
In order to qualify as an investment grade tenant, the company must be rated at lease BBB− by Standard and Poor's. Properties leased by credit tenants are in the highest demand and therefore command a lower capitalization rate than non-investment grade tenants. [11] The third determinant of value is the lease itself.