02-16-2009, 06:26 AM
Yes, that is correct Ric. The most "generous" surrender clause I have ever seen in a lease was $10,000 from the landowner at the end of the lease. The only good thing about a leasehold property for investment is that the full purchase price can be depreciated over 27 and 1/2 years. With fee simple properties only the improvements value can be depreciated, the land value can not be written off.
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"
Aloha,
John S. Rabi, GM,ARB,BFT,CM,CBR,FHS,PB,RB
808.989.1314
http://www.JohnRabi.com
Typically Tropical Properties
"The Next Level of Service!"