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Older Leasehold But Cheaper – You Might Want To Avoid Such Property

When buying cheaper old leasehold, you should expect to incur more expenses in the long-term. Anyone who holds a property on leasehold, they have to protect it or otherwise it reverts to the property owner, freeholder, leaving him/her empty. People who have lived on a property for many years have an option to renew the lease. However, the lease premium depends on the remaining length of time. The vital trigger point for a diminishing lease is after 80 years. That ... Read More »