All Topics / General Property / leasehold

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  • Profile photo of RLRL
    Member
    @rl
    Join Date: 2006
    Post Count: 4
    October 23, 2006 - 4:24 am

    What are people’s thoughts about leasehold land (residential)??

    Does anyone know about converting to freehold? Is it easy?

    Profile photo of JohnSmithJohnSmith
    Member
    @johnsmith
    Join Date: 2006
    Post Count: 93
    October 23, 2006 - 10:06 pm

    I will differ per state. You will have to check what the details are.

    Be careful if the lease only has 20 years or less left. finance companies will avoid or won’t lend against such properties. In fact if it has less than 30 year I would be careful.

    Regards
    John

    Inspired Finance
    (02) 9944 7776

    [email protected]
    http://www.inspiredfinance.com.au

    Profile photo of RLRL
    Member
    @rl
    Join Date: 2006
    Post Count: 4
    October 24, 2006 - 8:06 am

    Thanks JohnSmith

    I have contacted various people including the Department of Natural Resources and Mines and they have informed me of this potential finance problem also. I am now looking into ways around this!! I have a feeling I may have found a very simple one. Probably too good to be true. We’ll see…

    RL

Viewing 3 posts - 1 through 3 (of 3 total)

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