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Property Lease!!

cathorio · 2017-08-01 09:14:52

A friend of mine was left the family home which his parents bought in the 50's. He has just found out that there is 15 years left on the 99 year lease of the house! His solicitor's advise was not to worry about it!! What should he do or what can/will happen once it expires?

01-08-2017 10:14am

#1
cathorio

Registered Users Posts: 178 ✭✭

Join Date: June 2012

Posts: 108
A friend of mine was left the family home which his parents bought in the 50's.
He has just found out that there is 15 years left on the 99 year lease of the house!
His solicitor's advise was not to worry about it!!
What should he do or what can/will happen once it expires?

Tagged:

law

property

free hold

0

Comments

#2 01-08-2017 5:04pm

who_me

Registered Users, Registered Users 2 Posts: 3,669 ✭✭✭

Join Date: June 2006

Posts: 3625

He should be able to buy out the freehold / ground rent. I'd say it's a common enough occurrence, but I'd recommend looking into it sooner rather than later.

You can read here or here for some more info.

0