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Q What is the average lease length?
A typical lease length is 25 years, Mr. Georgeson said.
Average lease length is seven years, but there are a lot of fives and fifteens.
Between 1995 and 2005 the average lease length declined from 13 years to less than 5 years.
For people looking at rental units, particularly those in rowhouses with private landlords, it's possible to negotiate a desired lease length.
Clarify whether there is a minimum lease length, what your exact monthly cost will be and how long those costs are guaranteed to remain the same.
Similar(51)
Q And lease lengths?
Q Are you flexible with lease lengths, too?
Q. Have lease lengths changed? A. There is not a significant change in lease terms.
That might mean accepting shorter lease lengths, with a view to refurbishing a building on expiry and then increasing rents.
When looking online, the lack of basic details (ground rent, maintenance charges and lease lengths) on estate agents' sites is frustrating and offputting.
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