When it comes to leaseholds, delay will cost you dear

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When it comes to leaseholds, delay will cost you dear If you fail to extend your remaining term before it sinks below 80 years, you can expect a large bill Dan Moore

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You say the leasehold interest can be sold and that may be true. I have many leaseholds in my area, mostly commercial, and every lease I have seen specified that the property owner (that’s the land owner) had the right to approve or reject the sale of the tenant’s interest to another tenant. This gets me to my second point.

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When it comes to leaseholds, delay will cost you dear Posted on by Ruby Dukes. Category: Mortgage News.

The article above also talks of sellers/buyers being surprised at costs from the freeholder. Well my silly lawyer friends it’s because you probably said nothing about it up front, that is why. You quoted lower to get the job then added all the fees that you surely must have known were going to be added, later on.