They proposed to buy 2 family house together. It is not investment, we all will live there. We are married for only 2 years, no children. I do not want to be responsible for the second part of the ...
At what age did you buy your first house? I'm 23 yrd old and living in an apartment for 3 years now and I feel like a house might be cheaper then paying rent every month. My lease is up next ...
I bought my condo 2 yrs ago in Chula Vista California. I have two mortgages for my home. The first one the big one is interest only 4.625 wich jumps 3% in Dec causing a $500 hike on my monthly ...
My lease is up in May and I am thinking of buying a house. I
am 20 years old and I made 54k last year.
I can afford 1,700 a month for morgage
I would like to buy a fixer upper and I ...
bought a house in SC due to low cost of living. sure not in KS anymore! we r 2 retired folks, just put over 20K in the house for upgrades & remodel(what a mistake that was). not to old to work I&...
In other words, since the child is on the actual mortgage loan and the court deed, child should automatically be entitled to the home without any issues in case of death of parent or parents?...Child ...
I found a house I want to buy but I have 9 months left on my apartment lease. I can't find someone to take over my lease and I need to do it right away. Help!...
My husband and I are thinking of buying a local shop ( grocery store) that has recently become run down due to bad management. it used to be a little gold mine years ago..and could be again. Just ...
My california real estate broker told me over the phone that she shredded my deposit check even after I told her I'll pick it up. I asked her if I can have the shredded check back she tells me ...
borgyz
What does lease mean in relation to property, ie. a 15 year lease from 2002 is £50,000.?
is that a one off payment or each year until the remainder of the 15 years is up?
You buy the lease for 50k and are entitled to live there until 15 year lease terminates. It may be possible then to renegotiate the lease.
squarepants_ejo
This means that if you sign the lease you are contracted in from 2002 to 2017 at £50,000 per annum. It is a legal contract that you have to adhere to.
Violetcharm
I'm thinking you got this from an Accounting problem. I think there's more to the problem than this phrase. But if I'm wrong and it's just this one phrase then it means you are renting the place for the entire 15 years for 50K
FIONA S
property in london is often on a 99 year lease........if someone wants somewhere to live for a few years they buy and end of lease where there are only a few years left i.e. a 15 year lease. after the 15 years it reverts to the owner.
Robert C
It means that if you wanted to make use of the property for 15 years, it would cost you £50,000 to do so.
matu
a lease is the period with which they rent out the land you on. after 15 years vaccate the property or renew it.
cbmaclean
For 50,000 pounds, you will have the right to live there from 2002 to 2017, 15 years later.
blake_mccabe
A lease is a contract that you have to go by for 15 years in your. then when it [the lease] is up you can move out of the home,aprt., and /or dialects or you can sine the lease again to live there for another 15 years. But the only way to break the lease is if the owner kick you out.
Roy B
as I understand it that will be for the 15 years, then you will need to buy a new lease should you need to continue with the property.
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