Leasehold estate

About: Leasehold estate is a research topic. Over the lifetime, 1589 publications have been published within this topic receiving 21480 citations. The topic is also known as: leasehold & tenancy.

Accounting for leasehold property in the UK: A triumph of substance over form?

Abstract: This paper is concerned with accounting for leasehold property. While property professionals are familiar with commercial and technical aspects of leases, recent proposals offer serious implications beyond the notional historical reporting of an entity’s financial position. Current proposals issued by the ASB will markedly impact upon the financial position reported by businesses holding leasehold properties, with consequent effects upon their reported profitability and their ability to raise finance. This paper examines the current position, whereby leases are regarded as either a finance or an operating lease. It then examines the conceptual framework in which accountants view the existing lease reporting provisions, examining the unease the current provisions cause. Finally, it discusses the most recent proposals and offers a commentary upon responses to them. It concludes with a warning to the owners and users of leasehold property to be ready for change ‐ or to make their voices known.

Tenancy arrangements used by louisiana crawfish producers

Abstract: Land tenancy arrangements vary widely in the U.S. crawfish industry, including full ownership by the crawfish producer, cash leases, share leases, and combination cash-share leases. This study examines the array of tenancy arrangements available and analyzes the types of farmers selecting each using a multinomial logit model. Choice of tenancy arrangement varies according to a number of traditional factors, such as farm size, experience, specialization, and production system. The influence of production system on land tenancy selection is of particular interest. Crawfish-rice double-crop producers tend to own all of their crawfish land, while those farming under rotational systems with crawfish and field crops tend to select combination cash-share leases. Shares, rental rates, and percentages of pumping cost paid by the landlord vary widely.

Small landowners and land distribution in iran, 1962–71

Abstract: During the Cold War years following World War II, the U.S. government and international agencies such as the World Bank and FAO strongly advocated and pushed for land reform (distribution) in countries under U.S. influence. Examples of American-sponsored land reforms included the land-distribution programs in Japan, Taiwan, South Korea, South Vietnam, Iran, the Philippines, and El Salvador. Land reform in practice consisted of giving the ownership of land to the cultivating tenants and sharecroppers. By giving land to the tenants, it was believed that a communist revolution or takeover could be avoided. The modern theoretical basis for land reform can be found in the writings of such Marxist scholars as Alain de Janvry, the non-Marxist writers Albert Berry and William Cline, and the World Bank economists Hans Binswanger and Miranda Elgins.1 Marxist writers had stressed the political aspects of “anti-feudal” reforms. Such reforms were said to promote political stability as well as strengthen capitalism. How the abrogation of private-property rights was supposed to “strengthen” capitalism was not really explained. Non-Marxist writers concentrated on increased efficiency and increased output that was expected from land redistribution. Berry and Cline showed that in labor-surplus underdeveloped dual economies with a bi-modal farm structure (where large commercial and small subsistence farms existed side by side), a land reform that redistributed land from large farms to small farms increased agricultural production and rural welfare, and brought about economic growth and development. In addition, land reform was seen to result in greater social equity (taking land from wealthy landowners and giving it to poor farmers). It was an article of faith among the proponents of land reform that “the hated class of absentee landlords” did not fulfill any useful socio-economic function, at least none that could not be performed equally well by some government agency. They also believed that sharecropping and tenancy did not fulfill any useful social and economic functions. It was implicitly assumed in the theoretical writings that the rights of a small number of individuals were to be sacrificed for the benefit of the many. In none of the theoretical literature was the possibility of expropriating a large number of individuals advocated or even considered.

Does sharecropping affect productivity and long-term investment ? evidence from West Bengal's tenancy reforms

Abstract: Although transfer of agricultural land ownership through land reform had positive impacts on productivity, investment, and political empowerment in many cases, institutional arrangements in West Bengal -- which made tenancy heritable and imposed a prohibition on subleasing -- imply that early land reform benefits may not be sustained and gains from this policy remain well below potential. Data from a listing of 96,000 households in 200 villages, complemented by a detailed survey of 1,800 owner-cum tenants, point toward binding policy constraints and large contemporaneous inefficiency of share tenancy that is exacerbated by strong disincentives to investment. A conservative estimate puts the efficiency losses from such arrangements in any period at 25 percent.

An automated method and system for interactive compulsory reporting of lease application adjudication decisions, ongoing tenancy histories and debtor collections

Abstract: A method, system and related program and user interface for collecting residential and commercial tenancies information for the purpose of enriching a database of leasing decisions, rent tradelines, tenancy histories and tenant based social network is provided. Any tenancy application process requiring a system program to track post tenancy application events and collections can employ this method and business model. Mandatory interactive reporting of a plurality of application adjudication decisions for applicant verification and credentialing include move in, automated collection of good standing tenancies, monthly manner of payment histories, tenancy violations such as all types of termination matters, legal actions to terminate a tenancy, collections and enforcement to final move out status.