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Converting leasehold title to freehold (reversionary lease)

  • 17-07-2018 12:50pm
    #1
    JoeSexton
    Registered Users, Registered Users 2 Posts: 57 ✭✭


    Hi there, just wondering if anyone has any knowledge of reversionary leases and converting the folio title to freehold.

    The property in question is a reversionary lease granted by the Chief Clerk of the Circuit Court at annual rent of €570.
    I understand there are 2 routes to go:

    1. Arbitration - this would be very expensive considering the high annual rent, probably in the region of €30,000 on a house that isn't worth more than 100k most likely.
    2. Consent - much cheaper option but not sure it applies in this situation.

    Does anyone know if I could apply to the court for either (a) consent or
    (b) for a reduction in the annual rent in order to make the arbitration option affordable.

    Any help would be greatly appreciated.


Comments

  • #2
    Graham
    Moderators, Society & Culture Moderators Posts: 17,643 Mod ✭✭✭✭Graham


    Mod Note

    Moved to legal discussion. New forum charter applies.


  • #3
    hullaballoo
    Administrators, Entertainment Moderators, Social & Fun Moderators, Society & Culture Moderators Posts: 18,774 Admin ✭✭✭✭✭hullaballoo


    OP already has a thread on this topic here so I'm closing this one.


This discussion has been closed.
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