This office lease form states that the lessor represents to the lessee that the existing fee mortgage is the only mortgage encumbering the land and the demised premises. The lessor agrees to cause the holder of the existing fee mortgage to agree to certain provisions.
Maine Fee Mortgage Provisions from a Ground Lease
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Multi-State
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US-OL20071
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Hear this out loud PauseThe person who owns the lease on the property is called the leaseholder. Unless it has been extended, at the end of the lease, the right to live in the property reverts to the freeholder. The Mayor of London's leasehold guide for Londoners london.gov.uk ? homes-londoners ? leaseho... london.gov.uk ? homes-londoners ? leaseho...
Some of the disadvantages of ground leases include the possibility of property loss, loss of higher income due to market changes if rent increases aren't built into the agreement, and tax drawbacks, such as depreciation and other expenses that can't offset income.