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.

Tenancy Development in New Shopping Centres: Implications for Developers and Retailers

Abstract: This paper focuses on an investigation of the growing management and marketing problem of tenancy development in new shopping centres. The paper notes the critical importance of tenancy development in an increasingly competitive market, and reports on a survey of thirty shopping centres which examines patterns of tenancy development in the early crucial years of their growth. The survey highlights significant tenancy problems facing some developers/landlords, with major implications for rental income growth, retail synergy and sales growth, and for future shopping centre marketing strategies.

Why do tenants leave social housing? Exploring residential and social mobility at the lowest rungs of Australia's socioeconomic ladder

Abstract: Historically, social housing in Australia operated as a springboard for social mobility. For many working families, public housing tenancy was an opportunity to save for a house purchase deposit. Latterly, tenant exits from public to private housing have declined to very low levels. This has raised concerns about systemic barriers to residential and social mobility for social renters, and about the consequent longer waiting times for applicants in need of social housing. Drawing on administrative data collected by social housing providers in NSW and Victoria, and in‑depth interviews with 95 former and current social housing tenants in both states, this paper examines tenant attitudes, intentions and motivations as regards future house‑moves. We argue that the primary disincentives to exit relate to affordability and security of tenure in private rental, rather than factors related to the social housing system itself.

Understanding development through the language of Habermas and Bourdieu: Insights from Nepal's Leasehold Forestry Programme

Abstract: Development approaches have dramatically shifted from the technology transfer models of the 1950s to empowerment models initiated in the late 1990s. This paper seeks to establish that, despite a growing appreciation of 'political' approaches to development, the actual ways in which development projects are designed and implemented constrain genuine deliberations through which poorer and more disadvantaged people could have taken greater control of their lives. Taking a case study of the Leasehold Forestry Programme in Nepal, this paper demonstrates how developmental practices legitimated by claims to technical knowledge restrict deliberative processes and prevent improvements in the livelihoods of the poorest households. The paper combines Bourdieu's theory of social practices with Habermas' ideas on deliberation to explain how developmental practices have/can become too technocratic, providing limited spaces for the subjects of development to negotiate and define the processes and outcomes that best fit ...

A review of private rental support programs

Abstract: This Final Report presents the findings of a project undertaken by a team of AHURI based researchers to review Private Rental Support Programs (PRSP) in each Australian State and Territory. The overall aim of the project is to assess the effectiveness of the programs in assisting low-income tenants. The rationale for the project is that over the coming years many low-income households will be reliant on the private rental market as a consequence of the high costs of homeownership and limited availability of public housing. Though private rental costs are generally less expensive than purchasing a home, there are expensive start up costs when renting that can result in tenants experiencing housing stress and difficulties in managing their tenancy. Private Rental Support Programs (PRSP) is the term used to describe the broad range of services provided by State and Territory housing authorities to assist low-income tenants at the start of their tenancy. The programs are ‘one-off’ forms of support and are additional but distinct from Commonwealth Rental Assistance. The support provided is different in each State and Territory but can entail bond loans, rental grants, reimbursement of relocation expenses and other ‘one-off’ grants. There is very little published research on the operation of private rental support programs both in Australia and internationally. However, from the evidence collected a number of findings emerge. First, Australian States and Territories provide more extensive ‘one-off’ support schemes than elsewhere. Second, though there is a perception amongst some policy makers that PRSPs are complex to administer and difficult to evaluate, the benefits that accrue for tenants are generally regarded as significant and valuable. Third, although landlords are generally supportive of the schemes there are some who are reluctant to consider housing tenants in receipt of PRSP. Fourth, the effectiveness of the PRSP is often undermined by tight rental markets which both limit the scope for tenants to exercise choice and accentuate higher rental costs. The findings from the Australian wide research project show that though each State and Territory PRSP has similar aims, the actual operation of each program varies considerably. Five out of the eight housing authorities (Northern Territory, South Australia, Queensland, Victoria, ACT and Western Australia) operate bond loan repayment schemes. In Northern Territory, South Australia and Western Australia a repayment scheme only commences once the landlord makes a claim on the bond at the end of the tenancy. In New South Wales, eligible tenants receive a bond grant that is not required to be repaid. In Tasmania a bond guarantee scheme is in place. It was generally recognised that PRSPs provide financial support at a time when tenants struggle to find the necessary resources to start their tenancies. For this reason, they are viewed as an effective policy intervention within the confines of their overall aims (i.e. ‘one-off’ support) but for tenants experiencing ‘on-going’ or episodic forms of housing stress the capacity of PRSP remains limited. In addition, a number of barriers were identified that had the effect of undermining the programs, including limits on the amount of support provided and antipathy from some landlords who were reluctant to house tenants in receipt of PRSP. The operation of PRSPs is also hindered by gaps in current assistance particularly in the areas of information regarding tenants rights and responsibilities and support for the development of life skills. The consensus amongst housing and welfare professionals was that PRSPs would be more effective if ‘on going’ support mechanisms could be established for tenants in the private rental market but that the limited resources available are not currently sufficient for this mode of operation. Innovative policies to address these barriers have been established in Tasmania with the introduction of an enhanced PRSP including the employment of tenant support workers to provide more long-term support for vulnerable tenants in the private sector. South Australia is also exploring strategies to support PRSP customers’ tenancies through the Private Liaison Demonstration Project currently underway. Finally, though States and Territories housing authorities were keen, in principle, to develop performance measures to assess the success of the schemes, it was generally recognised that it is difficult to draw meaningful judgements from either process or output measures because of the effects of market factors on the accessibility and sustainability of tenancies. The aim of developing more sensitised measures to assess PRSP effectiveness requires a mode of longitudinal analysis that can track the experiences of tenants in receipt of Private Rental Support.

Agrarian reforms in developing rural economies characterized by interlinked credit and tenancy markets.

Abstract: The paper concentrates on a model of linkage between land, labor and credit transactions in the context of sharecropping. The proof follows from the result that the tenant's optimal effort per hectare is a decreasing function of the size of the plot he cultivates. The utility equivalence result has the fundamental implication that policies other than land reform will leave the welfare of each potential tenant unaltered while affecting the level of output, extent of tenancy and the welfare of landlords. With the possibility of linking tenancy and credit contracts, it is shown that the landlord will resort to linking only in a situation where it will lower the cost of credit to the tenant. Government subsidization of tenant's credit results only in the subsidization of landlords. The model is also able to provide a theoretical underpinning for two almost opposite phenomena that are sometimes observed: low interest consumption loans from landlord to tenant and the opposite, high interest, low volume loans. In equilibrium, a tenant's utility obtained through sharecropping will be the same as that which he could have obtained as a fulltime wage laborer.