If the parties are unable to agree terms through negotiation then the leaseholder would normally exercise rights they may have under the Leasehold Reform Act 1967 whereby the purchase price is set by a tribunal".
These discussions were usually after another leaseholder, Tony Imad, threatened "to go and see Mr Obeid".
The loser was Larry Silverstein, the centre's leaseholder.
The building is in a sad state, though its new leaseholder, Chifumu Banda, promises improvements.Mr Banda, a native of Lundazi who is now a prominent lawyer in Lusaka, had warned me that I would see that Lundazi was now "worse off".
Years of back-room fighting between politicians, victims' families, the leaseholder, the architects and the Port Authority of New York and New Jersey, which owns the site, have delayed reconstruction.
So what is the difference between being a leaseholder and a freeholder?The distinction between a freeholder and a tenant is a feudal one: from the 11th century, freemen owned land on which tenant farmers toiled.
Subsequently, Mount Isa Mines, Ltd., the principal leaseholder, developed the minefields, which are Australia's main source of silver, lead, zinc, and copper.
Each of them will be a leaseholder, have a stake in a landowning company, and some have helped each other financially – without formal contracts – along the way.
Often the increases are presented to the leaseholder as a fait accompli.
The leaseholders – each flat owner is a leaseholder – must pay for those repairs.
I know of a leaseholder who was billed £30,000 for a new fire escape – he got his own quote for the work and it came to £5,000 – and on further investigation, the firm the management company wanted to use was registered in the name of the brother of the freeholder.
