Posted by Adam Quinan on November 20, 2016 at 19:01:24 user Adam.
In Reply to: Re: Beckfoot ownership, was Sammy's fears posted by Alex Forbes on November 20, 2016 at 12:13:55:
Usually nowadays, a long lease can be inherited or is bought and sold on the open market and the value paid is not affected by being leasehold rather than freehold. If the lease was for a short period, then the price could be affected as it is possible that the landowner would not want to renew the lease rendering your purchase effectively valueless.
Some leases, especially of agricultural cottages in the 19th century could be tied to a given number of generations of a single family, in Hardy's novels a three life lease which expires when the third person dies, is typical.
Post a followup (Only if you agree to the Terms and Conditions)