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In property law, alienation is the voluntary act of an owner of some property to dispose of the property, while alienability, or being alienable, is the capacity for a piece of property or a property right to be sold or otherwise transferred from one party to another.
The right to ownership of the property after the death of the life estate owner is called the remainder estate. In England and Wales fee simple is the only freehold estate that remains; a life estate can only be created in equity and is not a right in property.
Rentcharge is a legal device which permitted an annual payment to be continually levied on a freehold property. A deed made with the parties' knowledge is legally effective against land to effect this and has been lawful since the 1290 Statute of Quia Emptores.
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 .
As a legal term, ground rent specifically refers to regular payments made by a holder of a leasehold property to the freeholder or a superior leaseholder, as required under a lease. In this sense, a ground rent is created when a freehold piece of land is sold on a long lease or leases. [1] The ground rent provides an income for the landowner. [2]
Simon Jordan (born 24 September 1967) [1] is an English businessman and media personality. He made his fortune in the mobile phone industry. In 2000, he purchased Crystal Palace Football Club and remained chairman of the club until administration in early 2010.
The freehold 34-level tower and car park was sold on behalf of Australian owners Toga NZ No 1 Ltd and Core 3B Plimmer Complex. The tower is believed to have sold for about $24m and the adjoining 642-bay parking building has been sold separately for about $16m to Penrith Holdings, a company operated by local property investor and developer Paul ...
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