by Melih Alsaç
A "lease annotation" is an annotation or registration recorded in the land registry of the real estate and contains information regarding the lease agreement between the owner and the tenant. This annotation specifies details about the rental status of the real estate and allows potential buyers to see this status. A lease annotation indicates the existence and nature of the lease agreement.
This annotation ensures that buyers have information in case the real estate changes hands. However, the lease annotation does not prevent the sale of the real estate even if the lease agreement expires. In this case, the new owner cannot evict the tenant as long as the tenant fulfills his contractual rights. That is, he protects the tenant's rights and waits for the lease annotation to expire.
The lease annotation may include information such as the terms of the lease agreement, the duration of the lease and future rent increases. This annotation is usually found on residential as well as commercial real estate. This record shows the rentable status of the real estate and the rights of the current tenant. In this way, buyers can make an investment decision knowing the leased status of the real estate. Investing in housing for capital purposes Those who wish can read our other article.
