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lease buy out?

  • 28-09-2006 1:12pm
    #1
    sundula
    Registered Users, Registered Users 2 Posts: 867 ✭✭✭


    My family has operated for decades from industrial units built on land which was leased on a 99year lease. Nearly 70years of this are up and i was wondering if anyone knows the companies legal rights to this land - ? Can we force the landlords to sell it ? I think it would be a good investment and it would be an asset which we could use to raise more finance with from the Banks as without it they are reluctant to lend.


Comments

  • #2
    faceman
    Moderators, Category Moderators, Arts Moderators, Entertainment Moderators, Social & Fun Moderators Posts: 16,663 CMod ✭✭✭✭faceman


    Im afraid there is no legal right to the land. A lease in a lease.


  • #3
    EKRIUQ
    Registered Users, Registered Users 2 Posts: 4,387 ✭✭✭EKRIUQ


    You can demand a new 20 year lease but there will be rent reviews this time


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