When a co-op land lease expires, the land and any buildings on it typically revert back to the owner of the land. This means that the co-op members may no longer have the right to use or occupy the land and may need to negotiate a new lease or find alternative arrangements.
It depends on the terms of the lease. The lease may terminate or the lease may "run with the land."
Land that is subject to a lease or land that can be leased
A land lease.
A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.A commercial lease should be recorded in the land records.
You should read that lease before you make any changes. The land described in the lease is subject to the terms of that lease. You may be breaching the contract by subdividing the property before the lease has expired. The changes you make to the area of the leased land don't change the provisions of the lease unless that is also a provision. You should consult with an attorney before you take any action unless you have the consent of the lessee.
The US has a perpetual lease on the land.
A freehold lease may refer to the lease of land that belongs to another person. Your question is confusing because a freehold estate is the right to the use and possession of land for an indefinite period and a leasehold estate is a lease of land that belongs to another.
If you want to know the nature of the lease you need to review the document that created it. You should be able to review the original at your local land records office.
If you are involved in a legally drawn and binding land lease contract, you cannot terminate it except by mutual consent of both you and the person to whom you granted the lease.
If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.If the lease was properly executed by the lessor and lessee the property is subject to the lease and the new property owner must honor it.
Only the lease contract would disclose the anwer to this question. If you need legal assistance in deciphering or understanding it, you must retain an attorney to assist you.
Tenants do not own land they just lease it from landlords. The length of the lease can be determined by the two parties.