My house comes to the end of a 99 year lease in september 2007
what happens if the lease holder does not extend my lease after i have lived there for 47 years.
2007-01-13 09:57:30 · 8 answers · asked by JOHN Turner johnboy a Dave peers 1 in Business & Finance ➔ Renting & Real Estate
If the lease is up and it is not extended, you will have to move. There is no loss to compensate you for. You don't own the house, you merely rent it, on terms in a lease agreement.
2007-01-13 10:07:35 · answer #1 · answered by fangtaiyang 7 · 0⤊ 0⤋
basically come September your landlord has fulfilled the obligations of the 99 year lease and harsh as it sounds can legitimately refuse to offer a renewal of that lease.
if they do offer a new lease it is highly likely that it will be on vastly different terms.
hopefully after 47 years there the landlord will show you a bit of compassion but legally has no requirement to do so.
2007-01-13 11:17:23 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Compensated for you loss?
You agreed to live under the terms of the lease - what should you be compensated for?
2007-01-13 10:05:45 · answer #3 · answered by KFB 2 · 0⤊ 0⤋
that's maximum possibly on your hire. maximum house complicated's have a 30 or 60 day be conscious era so as that they'd start to discover a alternative on your house. regrettably they are appropriate. i'm uncertain if the 60 day be conscious era would desire to start on the day you tell them or from the day your hire is up. examine the hire (they'd desire to be waiting to grant a replica which you signed once you moved in). in case you do not have a place to bypass yet you could ask to bypass on a month to month hire with them until you hit upon some thing. merely confirm to a minimum of provide a 30 day be conscious (i don't think of they'll require a month to month tenant to grant 60 days be conscious yet examine despite they make you sign to verify). this would help decrease the quantity you pay for once you at the instant are not residing there. From here on out continually get and shop a replica of your hire. maximum complexes will remind you approximately ninety days earlier your hire is up the will arises provide a be conscious. merely think of of this as a stay and learn experience.
2016-10-19 22:46:36 · answer #4 · answered by ? 4 · 0⤊ 0⤋
What loss?
Chances are "what happens" is you move. Otherwise, count on a new month-to-month lease.
2007-01-13 10:34:35 · answer #5 · answered by Anonymous · 0⤊ 0⤋
i may be wrong, but i think that tenants improvements are offset against lleaseholders delapadations.
(the value of the bricks and morter and condition of the house as a whole are credited to you, any decrease in value of the land due to sewage leaks etc are credited to leaseholder)
2007-01-13 10:07:37 · answer #6 · answered by only1doug 4 · 0⤊ 0⤋
nothing. tuff. its a 99 lease. then it ends.
2007-01-13 10:00:27 · answer #7 · answered by ben b 5 · 0⤊ 0⤋
he has a right not to.
2007-01-13 10:13:25 · answer #8 · answered by Anonymous · 0⤊ 0⤋