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crazybalhead wrote:IMPREZZING is wrong.
LEasehold land gives you the right to do certain things for a limited time. Freehold land Gives you rights to certain things for an undetermined time.
All land belongs to the state at the end of the day, not you. Freehold land is not yours.
crazybalhead wrote:IMPREZZING is wrong.
LEasehold land gives you the right to do certain things for a limited time. Freehold land Gives you rights to certain things for an undetermined time.
All land belongs to the state at the end of the day, not you. Freehold land is not yours.
pete wrote:Bumping this sorry.
Does anyone know what typically happens at the end of a Leasehold land lease? Will the government break down the structure on it and sell it back, can you pay a fee to extend the lease, who gets preferred for the new lease?
pete wrote:Bumping this sorry.
Does anyone know what typically happens at the end of a Leasehold land lease? Will the government break down the structure on it and sell it back, can you pay a fee to extend the lease, who gets preferred for the new lease?
mad wrote:Sorry for bumping this thread.
But can a Leasehold land be converted to freehold?
If so what is the process to apply through the government?
ProtonPowder wrote:mad wrote:Sorry for bumping this thread.
But can a Leasehold land be converted to freehold?
If so what is the process to apply through the government?
The freehold can only be purchased from the freeholder.
In some cases, like when statutory tenancies were created on rented lands in 1981 for 30 years, persons were given the option to purchase the land at the end for max 50% market value or renew the lease for 30 years.
If you are leasing from an individual or company, you can enquire to them specifically for if they wish to sell the freehold reversion to the land. When the entity's holdings are large in the area and the freeholder/lessor wishes to retain control of the character of the area, they likely will not wish to sell the freehold.
With government leasehold land, some cases allow for purchase, like sugar welfare leases to freehold such as in cedar hill village in princes town. Some such as NHA/HDC is for a 199 year sub lease that is structured in a way to not be sold freehold.
Tl;dr. ask the freeholder if you can buy it.
thelem-again wrote:Need some help.
Where/how are payments made for leasehold land made?
Heard it was through a company called Trinidad and Tobago Developers United but they are now defunct.
Any help?
thelem-again wrote:Need some help.
Where/how are payments made for leasehold land made?
Heard it was through a company called Trinidad and Tobago Developers United but they are now defunct.
Any help?
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