What are the implications of surrendering a lease before its expiry?

Apr 1, 2025 ... ... tenure alone. Leasehold condos typically come with a 99-year tenure, after which the ownership of the land reverts back to the Government or ... District. Council confirm and state that (property number) the land to be converted from customary tenure to leasehold tenure by the applicant ... Most land in the NT, outside of townships, is either Aboriginal freehold or pastoral leasehold land over which native title rights can exist. There are ... Jan 28, 2024 ... ... tenure. Lease continues on the same terms, nothing really changes, with one exception, if freeholder wishes to demolish the building, he is ... Aug 1, 2024 ... The draft Leasehold and Commonhold Reform Bill · banning the sale of new leasehold flats so that commonhold becomes the default tenure ... “Tnr” is Land Tenure, the way the owner holds title to the property. You either have title to the Fee interest or the Leasehold interest. This explanation is ... While historically the majority of land in Zambia has been held under customary tenure, leases (also called leasehold titles) are the only legal means of ... ... . However, recent modifications of the leasehold forestry tenure limit may impact the programme's future effectiveness. Most residential properties have Fee Simple land tenure, meaning the property owner owns the dwelling and the land. Feb 20, 2020 ... Tenure refers to the various ways of owning property, either through freehold, leasehold, or both. See their features, pros and cons, ...