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What are the disadvantages of leasing a property?

April 26, 2017disadvantages leasing Property

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What are the disadvantages of leasing a property?

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Its possible that the land owner may refuse to sign the registration for the lease extension after 30-years. The lessee can sue for breach of contract, but the entailed legal process is costly and time-consuming. Other disadvantages include the difficulty in obtaining a mortgage for the lease, a lower resale value and potential lawsuits from the land owner for lease violations.