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Lease extension
Former Member
Posts: 1,876,323 The Mix Honorary Guru
I own one of my properties on a leasehold - and have been given the option to add 99 years to the lease for a small (well, 5 figures) fee.
How much do you think is added to the resale value based on just having a longer lease :think:
I'm not sure this would be worth it (adequate space left for me to die out, and then some is already remaining on current lease)
How much do you think is added to the resale value based on just having a longer lease :think:
I'm not sure this would be worth it (adequate space left for me to die out, and then some is already remaining on current lease)
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Comments
it might not add all of what you pay, but it will make it a lot easier to sell/remortgage. and you make a saving when you do it at the landlords offer, as if you do it when you need to the landlord can and will ask a ridiculous fee.
However i do belive that your also supposed to be given the option to by the freehold as well at a certain stage - but maybe thats just if the lease holder deicdes to sell and then you must be given first refusal.