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Day: October 1, 2019

Contract

Toxic Leasehold Contracts – how to avoid falling victim

Posted on October 1, 2019October 4, 2019 by Elizabeth Adams

Buying a leasehold property means that you don’t own the land, but that you rent it from the freeholder for a long period of time (usually 125 years upwards). All of the restrictions and conditions are set out in the lease (hence ‘leasehold‘). Toxic leasehold contracts have made the news recently for their large liabilities.[…]

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