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The term marriage value is likely a misnomer in residential lease extension as two interests are not being combined, rather one is being extended, but the term remains widely used in the valuation of leasehold property in the UK. There are other circumstances where marriage value may be applicable and the term synergistic value is more often ...
A residential lease must include the parties, the premises (the address or relevant space), and the term of the lease. The lease term can be indefinite but must be stipulated as such in the document. Typically, leases will also include the price of rent per month or per term, but this is not legally required.
One of the earliest functions of the LVT was to determine disputes concerning the extension of leases. One of the drawbacks of owning a flat on a long lease is that it reduces in value over time. The less time is left on the lease, the less valuable the property becomes. Because of this, the law (the Leasehold Reform Housing and Urban Developme
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Moffat Tunnel – leased to Union Pacific Railroad by the state of Colorado under a 99-year lease until 2025. [5] A lease extension of 25 years was agreed to after the initial 99 years expired. [6] [7] Ontario Highway 407 Express Toll Route – leased to private company by the Ontario provincial government under Premier Mike Harris for C$3.1 ...
In addition to paving the way for a mixed-use entertainment district around PNC Arena, the lease ensures the Hurricanes cannot relocate unless both the authority and the team fail to discuss the ...
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