What does lease mean in relation to property, ie. a 15 year lease from 2002 is £50,000.?
Answer:
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.
a lease is the period with which they rent out the land you on. after 15 years vaccate the property or renew it.
It means that if you wanted to make use of the property for 15 years, it would cost you £50,000 to do so.
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.
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
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.
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.
For 50,000 pounds, you will have the right to live there from 2002 to 2017, 15 years later.
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.
The answers post by the user, for information only, BAnswer.com does not guarantee the right.
Other Questions and Answers: