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 What happens when a lease of a condo ends?

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xDingx
post Apr 25 2016, 08:59 AM

On my way
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Senior Member
613 posts

Joined: Dec 2010
QUOTE(butthead76 @ Apr 24 2016, 04:34 PM)
For what amount of lease yrs you looking at?

If 99 years, why u worry? U will be long dead.

If 60 years or less, unless u are 20yrs old and below. U probably be dead too.

I have no idea why freehold and leasehold a concern other then upon transfer freehold takes about 3 mths, leasehold about 6mths. Freehold typically 10-20% cheaper then leasehold.
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Maybe because freehold has better appreciation and higher resales value? Ppl need no worry the land or building to be taken by government when the lease end.

 

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