Text for Report on Title
ROT: Original Lease Term Less than 125 Years
- Change date
- 02/01/2022
- Word count
- 171
- Deployment measure
- 7/10
Rationale
Only applicable to leasehold cases. New concept of ‘original’ (different from remaining or unexpired) introduced by some lenders into their P2 Lender Handbook requirements.
Notwithstanding the fact that the remaining lease terms for this property is generally acceptable to almost all lenders, a limited number of lenders recently have imposed an additional requirement that the original lease term had
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