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lease buy out?

sundula · 2006-09-28 13:12:34

My family has operated for decades from industrial units built on land which was leased on a 99year lease. Nearly 70years of this are up and i was wondering if anyone knows the companies legal rights to this land - ? Can we force the landlords to sell it ? I think it would be a good investment and it would be an asset…

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28-09-2006 2:12pm

#1

sundula

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My family has operated for decades from industrial units built on land which was leased on a 99year lease. Nearly 70years of this are up and i was wondering if anyone knows the companies legal rights to this land - ? Can we force the landlords to sell it ? I think it would be a good investment and it would be an asset which we could use to raise more finance with from the Banks as without it they are reluctant to lend.

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#2 29-09-2006 7:37pm
faceman

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Im afraid there is no legal right to the land. A lease in a lease.

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#3 29-09-2006 8:27pm
EKRIUQ

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You can demand a new 20 year lease but there will be rent reviews this time

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