Escrow & Title
In Ohio, a 'leasehold mortgage' is used when:
AA landlord mortgages their fee simple interest
BA tenant mortgages their leasehold interest in a property they have a long-term lease on✓ Correct
CA property is being condemned
DA tenant wants to sublease the property
Explanation
A leasehold mortgage is a loan secured by the tenant's leasehold interest (rather than the fee) in a property. It is used when tenants hold long-term leases (e.g., ground leases) and need financing for improvements.
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