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FRI Lease on residential property

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  • 11-08-2015 2:55pm
    #1
    Breckle
    Registered Users Posts: 38 ✭


    Hi,

    Has anyone ever taken out a full repair and insuring lease on a residential property? I am wondering what percent the rent would normally be reduced by if one had this type of lease. (this is a theoretical question only!)

    Thanks in advance
    Tagged:


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    #2
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Breckle wrote: »
    Hi,

    Has anyone ever taken out a full repair and insuring lease on a residential property? I am wondering what percent the rent would normally be reduced by if one had this type of lease. (this is a theoretical question only!)

    Thanks in advance

    You can't insure what you don't own?


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    #3
    Breckle
    Registered Users Posts: 38 ✭Breckle


    yes thanks, perhaps full repair lease would be better description?


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    #4
    Marcusm
    Registered Users Posts: 10,344 ✭✭✭✭Marcusm


    athtrasna wrote: »
    You can't insure what you don't own?

    Rubbish, you need an insurable interest to insure it. An FRI lease will provide such an interest as the lessee has the obligation to insure and to deliver after the end of the term.


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    #5
    L1011
    Registered Users Posts: 68,921 ✭✭✭✭L1011


    athtrasna wrote: »
    You can't insure what you don't own?

    Tell that to fleet/PCP car drivers as a consumer example. Once you've an insurable interest you can


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