Abstract
Housing Market in Capital CiLease as Form of Municipal Land Management – Case Study
Highlights
This paper presents information about different forms of land management, especially land leasing
According to the legal regulations of Poland, land real estate may be the subject of sale, lease, and perpetual usufruct
Like perpetual usufruct and long-term lease in Poland, allows the holders to carry out investments on someone else’s land and ensure the stabilization of owning a real property
Summary
According to the legal regulations of Poland, land real estate may be the subject of sale, lease, and perpetual usufruct (this right applies only to real estate owned by public entities; i.e., the state treasury and local governments or their unions). Like perpetual usufruct and long-term lease in Poland, allows the holders to carry out investments on someone else’s land and ensure the stabilization (in the time specified in the agreement) of owning a real property. Before making a decision about the choice (ownership, perpetual usufruct, or long-term lease) of the land right, the investor assesses the profitability of each of these forms of ownership. In the decision-making process regarding the selection of the form of land ownership, both the owner and potential investor (buyer) assess the profitability of each of these forms, taking into account their own (usually different) criteria, motives, and objectives. The choice as to the forms of real estate management (sales, perpetual usufruct, or lease) is made taking into account the law, objectives, and criteria for managing land property owners as well as the expectations and benefits of potential buyers, perpetual usufructors, and tenants
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