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What happens when you sell? The person only gets 70-x years of leasing? Or it renews?
by digaozao 8y ago
What happens when you sell? The person only gets 70-x years of leasing? Or it renews?
- rahimnathwani 8y agoThe lease applies to the land on which the apartment is built. The 'owner' of the apartment building cannot grant you a lease that goes beyond the period remaining on the land lease. So you get 70-x. But not sure what will happen when these leases begin to expire.