Summary
For the past ten years, my mother has been living in a flat in a dedicated retirement development. Recently she has noticed that several flats in the development have been on the market for quite a long time. This is worrying her because she fears that if she ever needed residential or nursing care, she would not get a good price for hers.
One of the reasons for the difficulty in selling these properties may be the length of lease. When they were built 21 years ago, the leases were 90 years, so this has now shrunk to 69 years.See the full content of this document
Extract
4,000 to to Pup a Dwindling Lease
Recently, a group of residents got...
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