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Friday 23 December 2011

Title: Can You Be A Leasehold Landlord?

No, a private person cannot be a Leasehold Landlord.

Leasehold Tenant is the developer who will lease the land for a term of 50 years or more from Governments or Public Authority (Leasehold Landlord).

Leasehold Landlord must be Government or Public Authority.

Strata Property Act limits Leasehold Landlords to 9 types:
1/ Federal Government.
2/ Provincial Government.
3/ Municipal Government.
4/ Regional District.
5/ Nisga'a Village or Nisga's Nation.
6/ University.
7/ Sechelt Indian Band.
8/ Provincial Rental Housing Cooperation.
9/ School Board.

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I am a realtor specializing in the residential properties in the Greater Vancouver, British Columbia. I have been awarded with 15 years top achievement Medallion Award by the Greater Vancouver Real Estate Board.