Leased Fee Estate |
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Leased Fee Estate |
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A Lease Fee occurs when a property owner leases his property to another.
Generally, the owner has all the rights of ownership except possession which was given up by leasing the property. The owner's rights in a leased fee are:
| • | Right to rental income |
| • | Reversionary rights |
| • | All normal rights in the bundle of rights except the right to possess (occupy) the property which have been given to another in return for rent payments |
If an owner exercises one of his rights such as selling or optioning the property the leasehold is not affected.
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