|LAND USES||* Lease duration is
60, 99 or 999 years.
* Limited by purpose of lease
and land legislation.
* Stocking levels, cultivation
etc. may be restricted by
* Limited by environmental
and town planning controls.
|Limited by environmental
and town planning
|DUTY OF CARE||* High level of duty of care
defined in land legislation.
* May be responsible
for developing and
* May be required to engage
in property planning.
|Duty of care following
common law and as
required by some
Acts or its equivalent.
|TRANSFERABILITY||* Lease transfers require State
or its equivalent's approval.
* and sub-division
|* Fewer limitations
* Aggregation and unlimited
right to sub-divide and
aggregate subject to town
|Powers to acquire leasehold
interest or withhold land
when lease expires.
|Some powers to acquire
land for public works.
|Varies according to lease
type but forfeiture for
|Very high level of security.|
Advantages & Disadvantages
|Advantages||* Smaller initial outlay.
* Less financial exposure than a
* Rent and any service charge is a business
expense spread over the lease term.
|* You own the property outright
* You can use the property as you wish,
subject only to any planning or other
* You have greater control over the
management of the property, e.g you
choose when to carry out works of repair
* Property may rise in value.
|Disadvantages||* The lease will usually contain restrictions
as to the use of the premises, allowing
other parties to use the premises etc.
* Unless there is a break option, you are
bound to comply with the lease
obligations for the duration of the term.
* Even if you find another party to take
over the lease, you will probably be
required to stand as guarantor.
|* A property with poor, limited or no
financial history will find it difficult to
obtain commercial mortgages.
* Cash flow will be affected by the payment
of any deposit.
* Mortgage costs may increase in line with
any rise in bank base rates.
There’s a saying that goes, “every dark cloud has a silver lining”. In the case of the Covid-19 pandemic, it can be said that the silver lining is that the digitalisation of various...
Local developers are more optimistic about the outlook of the property market in the second half (H2) of 2021 than the first six months of the year, on the expectation that an impending...
The property market is displaying signs of resilience, despite the current high number of Covid-19 cases and extended Movement Control Order (MCO 2.0) until March 4, 2021...