Fee Mortgage Provisions from a Ground Lease

State:
Multi-State
Control #:
US-OL20071
Format:
Word; 
PDF
Instant download

Description

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.

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FAQ

Ground leases can provide great investment opportunities for people who want to deploy capital in real estate while never having to think about property management.The value of the rental stream and the landlord's position will typically end up well below half the value of the land and building as a whole.

Multiply the set amount per square foot times your square footage to calculate the ground rent. For instance, if the lot is 15,000 square feet and your set amount is 1 cent per square foot, multiply 0.01 by 15,000 to get a yearly ground rent of $150.

The lease calculator shows you the monthly lease payments and the total interest amount in seconds. You may use the mathematical formula to calculate the monthly lease payments. PMT = PV FV / (1+i)^n / (1 (1 / (1+i)^n / i) For example, the cost of the leased asset is Rs 2,00,000. The residual value is Rs 50,000.

A fee simple buyer is given title (ownership) of the property, which includes the land and any improvements to the land in perpetuity.LEASEHOLD: A leasehold interest is created when a fee simple land-owner (Lessor) enters into an agreement or contract called a ground lease with a person or entity (Lessee).

To be financeable, the ground lease should include the right of the ground lessee to mortgage the leasehold without obtaining the ground lessor's consent, coupled with the right of the lender to enforce its rights under the leasehold mortgage against the ground lease as its collateral, including the acquisition of the

This includes construction, repairs, renovations, improvements, taxes, insurance, and any financing costs associated with the property. Tenants generally assume responsibility for all financial aspects in a ground lease including rent, taxes, construction, insurance, and financing.

Ground Lease PV Valuation To calculate the value of the ground lease, we take the present value of all ground lease payments plus the reversion value of the ground lease at maturity. Discount Rate The discount rate at which to calculate the present value of the ground lease cash flows.

A ground lease is an agreement between a landowner and a tenant, in which the tenant leases land for a new build. The lessee is the owner of the building only, and is responsible for all the expenses and costs associated to constructing and maintaining a business location on a leased piece of land.

Ground Lease Estoppel means that certain estoppel certificate and agreement given by Fee Owner for the benefit of Lender and containing certain statements and agreements relating to the Ground Lease.

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Fee Mortgage Provisions from a Ground Lease