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WTK: lease land vs freehold land

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Sheriff
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WTK: lease land vs freehold land

Postby Sheriff » September 15th, 2009, 4:27 pm

Anyone can explain the difference between the above mentioned?
Thanks.

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IMPREZZING
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Postby IMPREZZING » September 15th, 2009, 5:02 pm

Freehold land is yours forever , you may do to it whatever is legally permissable. leased land is not yours forever.

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Postby Sheriff » September 16th, 2009, 10:23 am

Thanks.

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Postby crazybalhead » September 16th, 2009, 10:24 am

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.

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Postby neoise » September 16th, 2009, 10:26 am

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.



Damn you Patrick ..... Damn you :arrow:

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IMPREZZING
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Postby IMPREZZING » September 16th, 2009, 10:36 am

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.


http://lmgtfy.com/?q=freehold+land+defination

you are right,I was trying to put it in a nut shell.
anyway to seperate the fly sheit from the blackpepper

http://www.encyclo.co.uk/define/Freehold


Freehold
Exclusive ownership of property for an indefinite period. In contrast with leasehold, which is the right to occupy property for a fixed term.
Found on http://society.guardian.co.uk/glossary/p
Last edited by IMPREZZING on September 16th, 2009, 10:38 am, edited 1 time in total.

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crazybalhead
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Postby crazybalhead » September 16th, 2009, 10:38 am

Cool. Had to study it in UWI, lok like something stick. :lol: :lol: :lol:

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Re: WTK: lease land vs freehold land

Postby pete » July 4th, 2013, 2:10 pm

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?

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Re: WTK: lease land vs freehold land

Postby ek4ever » July 4th, 2013, 2:16 pm

Another question ... can leasehold land be used as collateral?

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Re: WTK: lease land vs freehold land

Postby TriniAutoMart » July 4th, 2013, 2:23 pm

Once the lease covers the period that it is being used as collateral, I don't see why there should be a problem.

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Re: WTK: lease land vs freehold land

Postby brams112 » July 4th, 2013, 10:18 pm

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?

Read ur deed to make sure you know when the lease is about to expire,renew it and you are on.

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Re: WTK: lease land vs freehold land

Postby crazychinee » July 5th, 2013, 5:07 am

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?


No
Leases are generally renewed. Eg: Almost the whole of POS is leasehold, at the expiration of the lease you simply apply for renewal and it is given. Very rarely is this not granted.

The current owner gets the preference for the renewed lease AFAIK.

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Re: WTK: lease land vs freehold land

Postby mad » May 7th, 2022, 2:02 pm

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?

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Re: WTK: lease land vs freehold land

Postby ProtonPowder » May 7th, 2022, 2:57 pm

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.

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Re: WTK: lease land vs freehold land

Postby mad » May 7th, 2022, 4:11 pm

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.


Thanks for this info. Much appreciated.

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Re: WTK: lease land vs freehold land

Postby thelem-again » January 25th, 2024, 2:07 pm

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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Re: WTK: lease land vs freehold land

Postby Val » August 7th, 2024, 8:27 am

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?


It's made to the Freehold owner of the land/property. Should say who that is on the deed.

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Re: WTK: lease land vs freehold land

Postby 88sins » August 8th, 2024, 7:34 pm

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?

Payment can only be made to the registered owner or his legally authorized representative. As mentioned,that info can be found on the deed.
However...


Is not that cut and dry.
Depends on the situation.
Say if it's a new lease you want to start, because you occupying the land without permission,they don't have to lease it to you. They can either tell you to get off their land if there's no building on it, or if there is,buy the building from you and thats all.
Or if you have an existing lease but didn't pay the rent for a while, you legally breached and thus voided the lease, and he doesn't have to accept payment or renew it either. Same options as regards to whether or not there's a building apply here.

Idk what's your situation, just letting you know how it goes in some circumstances.
Best of luck to you

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