Life Lease Defined and Explained


Can someone define and explain life lease?


A life lease is just that it is a lease based on the life on a particular individual. For example, if I have a life lease on the property I am using that means I can continue to lease it until I die, then the property reverts back to the orginal owner.

A life lease can also be based against another persons life. For example, I am leasing a property, the length of my lease in this example is based on the life of Joe, as long as Joe is alive I may use he property, once Joe becomes deceased my lease expires with the person whose life the leae is based on. It does not have to be the tenant or the owner.

This is often used on income producing type properties where the tenant makes his living off the land, like a farmer, but not limited to this type situation.

Answered over 7 years ago
John Cramer
559 3
about 3 years ago Zsebe Jozsef said:

I can deliver leased instruments to Organization or individuals, Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects with their preferred text verbiage as been approved by their bankers. We also proffer-sales option to interested buyers. Our terms and procedures are so flexible and workable by RWA clients. Our lease rate is (5.0 + 1)%+x%. X% IS Lessee broker’s Commission and he determines his commission. Also we have facilities to discount BG and Put you into PPP Trading. If Interested kindly reply to me via email. ( Skype: (zsebe.jozsef1)

You Must Be Logged In To Answer