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How to operate title lease

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hey whats going on guys so Cree having a good day as always today I want to make another video helping you understand kind of banking terminology loan terminology all that fun stuff just you can kind of improve your financial position and today I want to talk about title loans what they are are they bad through there for all the stuff and kind of misconceptions about them because honestly I bet the knee-jerk reaction for most people is that theyre terrible horrible god-awful things that you should avoid at all cost and Im here to tell you its kind of not true now before we get started if you want to support the channel please do not forget to like subscribe comment check out my patreon to pages this really helps you out you guys know that Im trying to help save my viewers $150,000 in interest this year so any support you can give to the channel is very much appreciated now back to the topic on hand what is a title loan now simply put it is a loan any loan really whenever a title

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What is the difference between freehold and leasehold in UK?

While these terms may sound complicated, they have two simple meanings: Freehold You own the property and the land its built on for as long as you want. Leasehold You own the property for a set period, but not the land its built on.

What is the difference between a lease and a title?

Being in possession of a title deed ultimately means that you own property for as long as your lineage persists. Being in possession of a Certificate of Lease simply means that you own the property only for a specific period of time. When that period elapses the land reverts back to the grantor of the lease.

What is the difference between tenancy and lease in Nigeria?

Unlike a lease, a tenancy is exempted from registration. In this case, if a third party is buying the land or property, or creating a charge using the property, such a party may not be aware of any earlier tenancy agreement or transaction.

What does a leasehold title mean?

An estate in land which provides the holder of the estate with rights of possession and use of the land but not ownership.

Is a lease the same as Land Registry?

A lease is created for each property and an application is made by the developer to the Land Registry who will then grant a separate leasehold title for each of them. In such cases there will be: A freehold Title Register and Title Plan (the developers land)

What happens when a 999 year lease expires?

What happens when the leasehold expires? If the leasehold of your property does expire, then the property will revert back to being a freehold instead of a leasehold. This will therefore mean ownership of the land and building will go back to the freeholder.

What happens when lease runs out?

The fact that the terms of the lease has come to an end does not mean that you have to leave the property. Unless you or your landlord takes specific steps to end the agreement under the lease, it will simply continue on exactly the same terms. You do not need do anything unless you receive a notice from your landlord.

Can I buy a 999 year lease?

How long can a lease be? Newly-created leases can be anything from 99 or 125 years to 999 years. A 999 year lease is effectively as good as freehold, and there can even be some advantages to owning some properties this way, rather than under freehold (see below).

What is a land lease in Ontario?

In a land lease, the dwelling is owned by the resident and the land on which the dwelling sits is leased. Life lease ownership means holding an interest in property providing the right to live in the unit, usually for the duration of the lease holders life or until the lease holder decides to move. Payment.

How do I check my remaining lease?

Asking your estate agent or solicitor You could also call your solicitor that handled your purchase of the leasehold home and ask for the same information, but legal professionals are more likely to charge you a fee even for relatively straightforward tasks like looking up the duration of your lease.

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