Text for Report on Title
ROT: Lease Term - More Than 85 Years But Less Than 125 Years
- Change date
- 13/02/2024
- Word count
- 205
- Deployment measure
- 7/10
Rationale
Covers a situation where lease for the property has a remaining term of 120 years, generally meeting the acceptable criteria for most mortgage lenders. However, it falls 35 years short of the common 85-year requirement, which may have implications for long-term ownership.
The remaining term of the lease is currently 120 years which is generally acceptable to the majority of mortgage lenders. Most mortgage lenders require the remaining term of a lease
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