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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.


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Book
01 Aug 2009
TL;DR: An entry level introduction to valuation methodology is given in this article with a straightforward narrative treatment to the subject matter with a multitude of examples and illustrations, contained in an easy to read format.
Abstract: An entry level introduction to valuation methodology, this book gives a straightforward narrative treatment to the subject matter with a multitude of examples and illustrations, contained in an easy to read format.There is a strong emphasis on the practical aspects of valuation, as well as on the principles and application of the full range of valuation methods. This book will serve as an important text for students new to the topic and experienced practitioners alike. Topics covered include: property ownership concepts of value the role of the valuer property inspection property markets and economics residential property prices and the economy commercial and industrial property methods of valuation conventional freehold investment valuations conventional leasehold investment valuations discounted cash flow contemporary growth explicit methods of valuation principles of property investment.

6 citations

Journal ArticleDOI
TL;DR: In this paper, the management of medicines by the older-aged living independently in a leasehold (partly owned) home in a retirement village to determine whether they also need help in managing their medicines was investigated.
Abstract: Background A comparison of the management of medicines by the older-aged living in freehold (fully owned) and rental homes in retirement villages has suggested that the older-aged living in rental, but not freehold, retirement villages may require help to manage their medicines. Objective The objective of this study was to investigate the management of medicines by the older-aged living independently in a leasehold (partly owned) home in retirement village to determine whether they also need help in managing their medicines. Method Semi-structured interviews were conducted with 22 older-aged residents living in a leasehold retirement village. Main outcome measure The main outcome measure was the perception of present and ongoing adherence. Results Amongst participants in the leasehold retirement village, with an average age of 82.9 years, the perceptions of present and ongoing adherence indicated that only 55 % of older-aged participants were adherent at the time of the study, and not likely to have problems with adherence within the next 6–12 months. Participants from the leasehold retirement village had a good understanding of 58 % of their illnesses. A mean of 9.8 medicines per person were prescribed. Cardiovascular medicines were the most commonly prescribed at 86 %. Conclusion The older-aged living in leasehold retirement villages may require extra assistance/resources to manage their medicines.

6 citations

Journal ArticleDOI
TL;DR: In this article, the main difficulties in the Spanish residential rental market becoming a true alternative to home ownership are explained. And the authors make a series of recommendations to legislators and policymakers to draft an adequate legal framework aimed at increasing the housing rental market share.
Abstract: Purpose This paper aims to explain the main difficulties in the Spanish residential rental market becoming a true alternative to home ownership. Design/methodology/approach Currently, the Spanish rental market only meets temporary housing needs; it is very atomized and lacks professionalism. It does not provide an adequate legal framework to fulfil the parties’ aspirations (i.e. stability, affordability and flexibility for tenants; profitability, security and guarantees to landlords). The analysis of this proposition and the resulting proposal are based on six years of research, which started with the TENLAW European project. Findings Overcoming these constrains is essential to double the rate of residential leases in Spain and get closer to the European average, thus achieving a true diversification of housing tenures and avoiding future housing bubbles. Practical implications The paper makes a series of recommendations to legislators and policymakers to draft an adequate legal framework aimed at increasing the housing rental market share. This is based on the experience of mature tenancy markets in Europe, such as the German, Swiss and Austrian ones. Social implications The new proposed legal framework will help to transform the tenancy model in Spain into a functional one, making it more stable, affordable and flexible, while increasing safety and profitability for landlords. The model is also applicable, on a more general level, to all Mediterranean European countries. Originality/value Rethinking the regulation of tenancies, in a context of housing crisis and unaffordability (still a reality in many European and worldwide countries) has valuable potential for making this type of tenure more popular and for avoiding future housing bubbles.

6 citations

Posted ContentDOI
TL;DR: Aghion et al. as mentioned in this paper used state level data on rental restrictions, in conjunction with a nationally representative survey from India suggests that, contrary to their original intention, rental restrictions significantly reduce supply of land to the rental market, prevent land access by the landless, and by more productive producers.
Abstract: Recognition of the potentially deleterious implications of high inequality of opportunity due to a biased asset distribution has led to increased interest in land reforms. However, little attention has been devoted to the potential longer-term impacts of the measures used to implement such reforms, despite evidence that, the restrictions on land rental in rural areas they imply can have potentially far-reaching consequences. Use of state level data on rental restrictions, in conjunction with a nationally representative survey from India suggests that, contrary to their original intention, rental restrictions significantly reduce supply of land to the rental market, prevent land access by the landless, and by more productive producers. Ways to counter these effects by liberalizing land rental markets are discussed. 1. Introduction Researchers and policy-makers alike now realize that unequal access to opportunities arising from a skewed distribution of assets can be harmful for sustained long-term growth and therefore of concern for researchers and policy-makers alike (Aghion et al. 1999, World Bank 2005). In India, given the inequality in the distribution of productive assets, in particular land, inherited from colonial times, land reform and land policy have occupied a central stage in the policy debates for a long time. Following successful abolition of intermediaries immediately after independence, award of property rights to sitting tenants through tenancy laws and expropriation with subsequent transfer of ‘above-ceiling land’ from large land owners to small farmers were the main mechanisms to improve operational and ownership distribution of land. Although initial progress was slow, the country has made significant progress in implementing such policies during the 1970s and 1980s when, under both interventions together, rights to almost 10 mn ha of land were transferred. This is an impressive quantitative achievement; in fact, the area affected amounts to more than three times what was involved in the well-known land reforms of Japan, Korea, and Taiwan together (King 1977). Moreover, even though in most cases beneficiaries did not receive full ownership rights, studies suggest that land reform has helped to reduce poverty while being neutral in terms of efficiency (Besley and Burgess 2000), thus helping to make a contribution towards greater equity. However, although the historical impact of land reform legislation is undisputed, scholars have increasingly questioned the need to continue maintaining restrictions that were put in place to make redistributive land reform feasible a few decades ago. The most obvious reason for doubts is that a combination of inertia and litigation, together with population pressure and associated land subdivision, has slowed progress in transferring land through land reform legislation to a trickle. In the decade since 1995, the average number of households who, according to official statistics, received land through land reform amounted to less than 3,000 per year. A second reason is that the view of land rental as a backward, exploitative and inefficient institution that tends to benefit the rich the deficiencies of which can easily be rectified by a benevolent bureaucracy may no longer correspond to reality. In fact, with about 15 mn., the number of households participating in rental markets in 1999/2000 alone is larger than the total who benefited from land reforms

6 citations


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Performance
Metrics
No. of papers in the topic in previous years
YearPapers
202340
2022125
202128
202028
201956
201857