Are you owed any rent?!? The multi year lease agreement that is sometimes a 100 year agreement would be very useful with the value of the agreement paid up front. This is not a new concept in leases or law. It is quite popular in London. Your retain 100% ownership rights but you get a lump sum payment similar to when you sell the property; outright. You might offer your 1978 built Scarborough condo on a 30 years lease or license agreement. To get the approximate value, see the current rent per month ($1500.00 maybe), multiply by 12 and then multiply by the number of lease years. That's about $504,000.00.
Are you owed any rent?!? The multi year lease agreement that is sometimes a 100 year agreement would be very useful with the value of the agreement paid up front. This is not a new concept in leases or law. It is quite popular in London. Your retain 100% ownership rights but you get a lump sum payment similar to when you sell the property; outright.
You might offer your 1978 built Scarborough condo on a 30 years lease or license agreement. To get the approximate value, see the current rent per month ($1500.00 maybe), multiply by 12 and then multiply by the number of lease years. That's about $504,000.00.
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