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Beginner's Guide To Leases

 
Continuing our series on legal concepts aimed at those working in tax Suzanne Gill Partner and Andrew Todd Solicitor of McGrigors provide a beginner's guide to the various forms of leases
 
This article focuses on the various forms of leasehold property in England and Wales and attempts to explain what they are what they contain how they can in certain circumstances continue beyond the end of their specified life and how they can ultimately be brought to an end.
 
During the middle ages landowners instead of selling their land began to let others use the land in return for an annual cash payment known as rent. The landowner became known as the landlord and the occupier became known as the tenant....

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