Posted by Merez(IA) on September 18, 2005 at 12:52:58:
I have no idea, but why not ask the broker that is listing the property? Because, the same terms can mean different things to different people, as well as I’m seen a number of listings were they say one thing and mean another (especially with Net and cam charges).
Leased Fee Interest - Posted by iKwak
Posted by iKwak on September 18, 2005 at 01:30:53:
Can a professional help explain what a “leased fee interest (land only)”
means?
“The subject property is the leased fee interest (land only) in an approximate
24,396-square-foot parcel.”
Thank you in advance.
Re: Leased Fee Interest - Posted by Chuck
Posted by Chuck on September 18, 2005 at 14:34:00:
“A leased fee interest is defined as the right to receive periodic rental payments over the term of the lease and the ultimate right of repossession of the premises at the expiration of the lease.”
In other words, it’s a ground lease.