Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Lease Term - Less than 87 years but acceptable to this lender
Change Date : 23/05/2025 | Word Count: 218 | Deployment Measure : 7/10
Rationale:
This wording alerts the buyer that the lease term is below the 87-year threshold increasingly required by mortgage lenders, which could affect future saleability if not addressed. It advises proceeding only if the lease is extended—either now or shortly after purchase—and requests written confirmation of the buyer’s instructions regarding whether or not to proceed with a lease extension.
The remaining term of the lease is for less than 87 years and therefore is not acceptable to certain mortgage companies as security for a mortgage. In fact there are
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