Comment by noselasd
7 months ago
Historically 99 years was the longest term for leases in English laws. I don't think that's incorporated in laws any more, but it has just continued as common practice.
7 months ago
Historically 99 years was the longest term for leases in English laws. I don't think that's incorporated in laws any more, but it has just continued as common practice.
You may be right historically, but I don't think it's common practice any more - there are quite a few "virtual freehold" leases of 999 years, and most other domestic leaseholds are 125+ years when they start. When a leashold goes below 90 years its value dips sharply.