Text for Report on Title
ROT: Original Lease Term
- Change date
- 17/01/2020
- Word count
- 171
- Deployment measure
- 7/10
Rationale
Only applicable to leasehold cases. New concept of ‘original’ (different than remaining or unexpired) has recently been 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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