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What Is The Lease Period Remaining On The Property?

25 March , 2019 18

A Lease is “a contract by which one party conveys land, property, services, etc. to another for a specified time, usually in return for a periodic payment.”

You do not want to end up unknowingly investing in a property which has a lease period about to come to an end. This may result in you spending valuable time in legal battles, or worse yet, losing the property. It is a good idea to ask to see the legal documents on the land before making a purchase.