Right to extend tenure
Right to extend tenure
- 1992
- Times 25 January 1992, 2 Daily Telegraph 25 January 1992, 2(1) .
The Government is considering measures to enable people to buy new 99-year leases at market value when their property`s lease has come down to a given threshold, probably 50 years. The move would mean an increase in the value of properties as leases with less than 50 years to run are more difficult to sell.
99-YEAR LEASES
PROPERTY-LEASEHOLD PROPERTY
PROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL LANDLORD AND TENANT-RESIDENTIAL TENANCIES
The Government is considering measures to enable people to buy new 99-year leases at market value when their property`s lease has come down to a given threshold, probably 50 years. The move would mean an increase in the value of properties as leases with less than 50 years to run are more difficult to sell.
99-YEAR LEASES
PROPERTY-LEASEHOLD PROPERTY
PROPERTY-RESIDENTIAL PROPERTY-RESIDENTIAL LANDLORD AND TENANT-RESIDENTIAL TENANCIES