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Usually 99 years? I bought a new leasehold in 2004 with a 999 year term, and I don't think that's unusual now. The government announced plans in January that
by mattbee 5y ago
Usually 99 years? I bought a new leasehold in 2004 with a 999 year term, and I don't think that's unusual now. The government announced plans in January that leaseholders will have the right to renew leases for a standard term of 990 years, as well as capping ground rent. So I hope the worst abuses of UK leasehold are on their way out.
- agent008t 5y agoA 999 year term sounds like a long time, but time flies; before you know it, 980 years would have passed, and you would be wondering why you didn't buy a freehold instead...