Flats To Rent In Glasgow – Need for lease extension
Flats To Rent In Glasgow – Need for lease extension
In truth there’s the bonus that you won’t need to pay any more ground lease at all, either in the original term or the successive ninety years. To get a lease extension, you must be privy to the right cost of your flat. For a fair concept, you can guesstimate by summarizing this way:. It’s going to be compensation for loss of ground hire income to be paid under the current lease, along with the loss of a right to receive the value of the flat at the end of the existing lease. Or in other words, it is the difference between the value of landlord’s interest under the present lease and the value of interest after the grant of new lease with the extra 90 years.
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