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  • Push the“Get Form” Button below . Here you would be introduced into a webpage that enables you to carry out edits on the document.
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PDF Editor FAQ

Which countries in Africa allow foreigners to buy real estate? Do those countries allow you to have ownership in land and building or do they only allow you to buy under long-term ground lease agreements with the government?

You can buy freehold residential land in Zimbabwe. Other types of properties (e.g. farms) can be either freehold or leasehold (typically the larger commercial farms are freehold, a legacy of colonial times) however are difficult for foreigners to own.

What are the pros and cons of buying an apartment subject to a land lease?

A land lease, or ground lease, is a long-term "master lease" under which all forms of tenancies, ownerships, easements and other land use agreements for the property are subject and subordinate. Therefore, it is critical that the ground lease be thoroughly reviewed before proceeding with any transaction on a property subject to a land lease or ground lease.

How does one buy or rent land to build properties on top?

Along the same lines. ..you may also have an opportunity to ground lease a land parcel. This means you are signing a long term rental agreement for the use of the land, which has a maximum of a 99 year term.With a ground lease, the value is in the length of term and rental rate that you negotiate as you need enough time to amortize the build costs into the deal.Ground leases are traditionally done in urban areas and in places like Manhattan, there are often two owners of each property. ..one that owns the structure and one that owns the dirt.

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