Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

FRI Lease on residential property

  • 11-08-2015 1:55pm
    #1
    Breckle
    Registered Users, Registered Users 2 Posts: 38 ✭


    Hi,

    Has anyone ever taken out a full repair and insuring lease on a residential property? I am wondering what percent the rent would normally be reduced by if one had this type of lease. (this is a theoretical question only!)

    Thanks in advance
    Tagged:


Comments

  • #2
    athtrasna
    Closed Accounts Posts: 13,420 ✭✭✭✭athtrasna


    Breckle wrote: »
    Hi,

    Has anyone ever taken out a full repair and insuring lease on a residential property? I am wondering what percent the rent would normally be reduced by if one had this type of lease. (this is a theoretical question only!)

    Thanks in advance

    You can't insure what you don't own?


  • #3
    Breckle
    Registered Users, Registered Users 2 Posts: 38 ✭Breckle


    yes thanks, perhaps full repair lease would be better description?


  • #4
    Marcusm
    Registered Users, Registered Users 2 Posts: 10,628 ✭✭✭✭Marcusm


    athtrasna wrote: »
    You can't insure what you don't own?

    Rubbish, you need an insurable interest to insure it. An FRI lease will provide such an interest as the lessee has the obligation to insure and to deliver after the end of the term.


  • #5
    L1011
    Registered Users, Registered Users 2 Posts: 71,142 ✭✭✭✭L1011


    athtrasna wrote: »
    You can't insure what you don't own?

    Tell that to fleet/PCP car drivers as a consumer example. Once you've an insurable interest you can


Advertisement