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Duchy of cornwall lease
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Bloody royals!0
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monty-doggy wrote: »What does full repairing lease mean?
I currently have one of those (different estate, 25 year lease, didn't 'buy' the property, just have it at a hugely reduced rent because I ploughed £100K in totally renovating it 20 years ago when it was derelict and on the point of collapse. That has actually proved cost-effective, considering full rental prices of similar properties locally).
Basically, it means that all repairs, maintainence and upkeep are your responsibility, as is paying for same. The full conditions should be in the lease which you should go thru with a very fine toothcomb, possibly consulting a solicitor en route.0 -
Its amazing how well you can do simply by fighting alongside William the !!!!!!! and then being given stolen land in gratitude.Feudal Britain needs land reform. 70% of the land is "owned" by 1 % of the population and at least 50% is unregistered (inherited by landed gentry). Thats why your slave box costs so much..0
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C_Mababejive wrote: »... simply by fighting alongside William the !!!!!!! .
said by someone who has never been to war!
but I get the point...0 -
OP, this property should have been advertised as "cash buyers" only as it is extremely unlikely anyone would get a mortgage on a lease that short. Have you approached the vendor to see whether they would be happy to apply to extend the lease as part of the sale, or find out how much it would cost you to extend it, and then reduce your offer accordingly.
Are you able to complete quickly, no chain, FTB etc? If your heart is set ont he place, there is no reason why you cannot haggle a little to see if there is any movement on the price to account for this. However, bear in mind it may already be valued low to reflect the short lease ...0
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