Leasehold estate
What is Leasehold estate?
A way of holding title to a property wherein the mortgagor does not actually own the property but rather has a recorded long-term lease on it. A ground lease is an example of such an arrangement.
A way of holding title to a property wherein the mortgagor does not actually own the property but rather has a recorded long-term lease on it. A ground lease is an example of such an arrangement.