Image from Google Jackets

Right to extend tenure

Language: English Series: Times ; 25 January 1992, 2 | Daily Telegraph ; 25 January 1992, 2(1)Publication details: 1992Subject(s): Summary: 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.

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.