Expiring Lease on House

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  • #46
    Originally posted by leaseholdanswers View Post
    But my answer, quoted, was in response to a differer question, no this one....

    RD value to a landlord, though minimal in this case it seems, affects a negotiated surrender, the landlord gets his sticky mits on the site much sooner. He would likely pay a premium for that.
    Perhaps I got lost in the threading, but I thought that you were responding to me when I asked (something like):

    "Why would the RD value to the FH be worth more than the current value to a new buyer who can afford to buy the FH".

    And I still don't see the relevance of the 50 year extension to this question - because the new buyer is not going to take the 50 year extension he's going to exercise his rights to buy the FH (albeit after a 2 year wait)

    tim

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    • #47
      its a good question. There are a number of reasons based on the nature of the buyer, hope value, marriage value (not in the FH/LH) sense, finance and transactional costs,and the different valuations between an open market sale and enfranchisement.Opportunity cost in the yields also factor in.

      In any given situation they might be the same or more advantageous to another buyer. That's why its important to have a valuation done so as to assess the position on any particular house. You might even come across restrictions on the house for development which the freeholder might not enforce on themselves, but a new freeholder might still be bound by as a restrictive covenant.
      Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.

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