The land is no longer yours

[sumaiyakhatun29]

“The 99-year lease ends on…” In addition, leasehold properties usually have the following interest restrictions in the grant: "This land cannot be transferred without the permission of the state government" If the Lease Period Ends if the leasehold period expires The question I often receive is… ...what happens when the lease period ends? When the lease period ends, technically you can no longer sit on the land.


It has become the government's. You can apply to extend the buy benin whatsapp number database leasehold period that has expired. You pay a premium and extend the period to 99 years again. Even so… The decision to approve your application depends on the landlord. It is possible that when you apply, they have other plans. For example, they are thinking of rezoning your area to commercial land.


In this situation, the application may be rejected. But don't worry too much… I personally have never heard of an application to extend this period being rejected. Especially for properties in residential zones. How Much Leasehold Premium Do You Need to Pay? leasehold premium payment As I mentioned above, when you want to extend the leasehold period, there is a premium that needs to be paid.