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A ground lease is a wasting asset to the leaseholder because the value of the property declines relative to its long lease value as the lease becomes shorter. In the absence of legislation allowing leaseholders to extend their lease the property would revert to the freeholder upon expiry of the lease at which point the value of the leaseholder ...
Highway 407 begins at the Highway 403/Queen Elizabeth Way junction in Burlington. Highway 407 is a 151.4-kilometre (94.1 mi) [1] controlled-access highway that encircles the GTA, passing through Burlington, Oakville, Mississauga, Brampton, Vaughan, Markham, Pickering, Whitby, Oshawa, and Clarington, as well as travelling immediately north of Toronto.
Capital Cost Allowance. Capital Cost Allowance (CCA) is the means by which Canadian businesses may claim depreciation expense for calculating taxable income under the Income Tax Act (Canada). Similar allowances are in effect for calculating taxable income for provincial purposes.
April 12, 2024 at 4:21 PM. By Promit Mukherjee. OTTAWA (Reuters) -Canada plans to ease a housing shortage by leasing public land to developers for construction of affordable houses under a plan ...
British Hong Kong – The Convention for the Extension of Hong Kong Territory resulted in the 99-year lease of the New Territories from the Qing Empire to the British Empire in 1898. Hong Kong Island and the Kowloon Peninsula had already been ceded to the British in perpetuity after the Opium Wars. Transferred to full control of the People's ...
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. Leasehold is a form of land tenure or ...
That was the pattern of land ownership in the earliest British settlements in what is now eastern Canada. When the Crown granted land to settlers, the land grant normally included all minerals, other than precious minerals. [6] The result is that in Ontario, Quebec, and the four Atlantic provinces, much of the mineral rights are privately owned ...
These boundaries may extend to the interior side of the walls surrounding a condo, allowing the homeowner to make some interior modifications without impacting the common area. Anything outside this boundary is held in an undivided ownership interest by a corporation established at the time of the condominium's creation.