This office lease form states that the lessor represents to the lessee that the existing fee mortgage is the only mortgage encumbering the land and the demised premises. The lessor agrees to cause the holder of the existing fee mortgage to agree to certain provisions.
New Hampshire Fee Mortgage Provisions from a Ground Lease
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FAQ
When possessory leases (representing the actual custody of real estate by a tenant) are added to the mix, appraisers distinctly differentiate the ownership of real property into the fee simple estate (property without leases in place) and the leased fee interest (property with custodial leases in place).
A leasehold estate allows the tenant to take possession of a real property for a period of time. If you're a landlord, you rent property to your tenants and have a leasehold estate. Leasehold estates often vary based on the property owner and building or space.
Common risks with leased-land homes include escalating lease and/or HOA payments and difficulty selling the home. Pay close attention to the surrender clause, which details what happens if the lease expires while you still own the house.
Ground Rent is a condition in which you own your home, but someone else owns the land on which your home sits. Ground rent is fairly common in the local real estate market and rents are typically low. Additionally, if you don't own the ground your home is on, you can purchase it.
Fee ? A right in law to the use of land; i.e. a fief. Simple ? in the unconstrained sense: without limit to the inheritance of heirs; unrestricted as to transfer of ownership.
Leasehold estate. an estate held by someone who rents or leases property. real. immovable. estate.
A leased fee estate is the interest that a landlord or lessor maintains under a lease granted to a tenant/lessee. The leasehold is the interest a tenant acquires under a lease granting the right to use and occupy the property.
