Common use of Types of Property Clause in Contracts

Types of Property. Properties may be either freehold or leasehold or (in Scotland) heritable or long lease. In the case of leasehold(1) properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. All properties have been valued by a valuer approved by the Seller.

Types of Property. Properties may be either freehold or leasehold or (in Scotland) heritable or long lease. In the case of leasehold(1) leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. All properties have been valued by a valuer approved by the Seller.

Types of Property. Properties may be either freehold or leasehold or (in Scotland) heritable or long leasefeudal. In the case of leasehold(1) leasehold properties, the unexpired portion of the lease must in most cases not expire earlier than 30 years after the term of the Loan. All properties have been valued by a valuer approved by the Seller.