What are the disadvantages of 99 years lease to landowner

983 votes

As you do not own the property, you will be missing the long term benefits associated with the property. If the value of the land increases, the landlord will be the one who benefits from it. Further on leaving the property, you are responsible for bringing the property to its original state. This is the right of the landlord and you will be required to serve it for the landlord. The landlord may pay some of the maintenance expenses and get away with the extra pay, but you will be expected to pay for utility costs and internal maintenance, as well as repair work and has to bear the burden

The leaseholder has the burden of making regular payments to the landlord in the name of annual ground rent. Imagine you are the owner of the building, but still you are required to make a payment and it makes you feel like you are staying in a rented apartment also Hard to get loan and hard to sell

Advocate Shashank Choudhary LawRato

893 votes

You will need to renew the lease. So 99 years is a huge period of time and we do not know at that time what will be the posters ion of both the parties. This is the main risk. Renewal takes place on payment of fees.

Advocate Ramgopal Aiyer LawRato