CROSS-LEASE OPPORTUNITY
Oct 01, 2020
3 minutes
MASON REED
I have written previously on the pitfalls of owning a cross-lease property. However, I think in these uncertain times there is a real opportunity to “value-add” if you currently own, or are looking at purchasing a cross-lease property, because there is a mechanism available to convert existing cross-lease tenure to fee simple.
Due to the complex and prohibitive nature of cross-lease properties, typically a cross-lease property will be in less demand than a fee simple
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