{"id":147434,"date":"2024-10-19T13:00:07","date_gmt":"2024-10-19T06:00:07","guid":{"rendered":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-was-told-to-pay-212000-property-owners-face-huge-bills-when-lease-is-due-to-expire\/"},"modified":"2024-10-19T15:49:20","modified_gmt":"2024-10-19T08:49:20","slug":"i-was-told-to-pay-212000-property-owners-face-huge-bills-when-lease-is-due-to-expire","status":"publish","type":"post","link":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/i-was-told-to-pay-212000-property-owners-face-huge-bills-when-lease-is-due-to-expire\/","title":{"rendered":"\u2018I was told to pay \u00a3212,000\u2019: property owners face huge bills when lease is due to expire"},"content":{"rendered":"


\nThose unaware of how the system works can be left stumping up thousands despite paying off a mortgageIcylyn Goddard, 86, has lived in her maisonette in Wembley, north London, for more than 40 years. She finished paying off the mortgage on it 20 years ago, but still does not own her own home and was recently told she would need to spend more than \u00a3200,000 to ensure she can spend the rest of her life there.Goddard is a leaseholder and has 11 years left on her lease. In July, lawyers for the freeholder of her building told her that she needed to pay \u00a3212,000 plus valuers\u2019 fees to extend it for 125 years. She was told that if an agreement was not completed within three months, the terms offered to her would be revised. Continue reading…
\n
\nSource : theguardian.com
\nRead more…\u2018I was told to pay \u00a3212,000\u2019: property owners face huge bills when lease is due to expire<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Those unaware of how the system works can be left stumping up thousands despite paying...<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"false","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"spay_email":"","footnotes":"","jetpack_publicize_message":"","jetpack_is_tweetstorm":false,"jetpack_publicize_feature_enabled":true},"categories":[1],"tags":[],"class_list":["post-147434","post","type-post","status-publish","format-standard","hentry","category-property-news"],"jetpack_featured_media_url":"","jetpack_publicize_connections":[],"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/p75ss1-ClY","jetpack-related-posts":[{"id":107176,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-weekly-jobless-claims-total-212000-vs-220000-expected\/","url_meta":{"origin":147434,"position":0},"title":"US weekly jobless claims total 212,000, vs 220,000 expected","date":"May 16, 2019","format":false,"excerpt":"\r CNBC's Rick Santelli and Steve Liesman break down the latest jobless claims, housing starts, building permits and Philadelphia Fed manufacturing numbers. Also at the table are Ken Langone, CEO of Invemed Associates and co-founder of Home Depot, and former House Majority Leader Eric Cantor.\r \r Source : cnbc.com\r Read\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":105071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/how-should-i-fund-my-help-to-buy-home-purchase\/","url_meta":{"origin":147434,"position":1},"title":"How should I fund my help-to-buy home purchase?","date":"March 16, 2019","format":false,"excerpt":"\r I\u2019m wondering if I should try to borrow more in a mortgage and get a smaller government loanQ I am currently in a process of securing a mortgage and help-to-buy equity loan on a new build with a purchase price of \u00a3420,000. My mortgage adviser has proposed that, to\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":61172,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/us-military-reportedly-paying-130000-a-month-to-lease-space-in-trump-tower\/","url_meta":{"origin":147434,"position":2},"title":"US military reportedly paying $130,000 a month to lease space in Trump Tower","date":"July 19, 2017","format":false,"excerpt":"\r The government signed a $2.39 million lease for a 3,475 sq ft military office that supports the White House, WSJ said.\r \r Source : cnbc.com\r Read more...US military reportedly paying 0,000 a month to lease space in Trump Tower","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":84578,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/goldman-rent-well-below-market-value-new-owners-of-center-ready-to-shrug-off-bank-when-lease-expires\/","url_meta":{"origin":147434,"position":3},"title":"Goldman rent \u2018well below market value\u2019 \u2013 new owners of Center ready to shrug off bank when lease expires","date":"April 5, 2018","format":false,"excerpt":"\r The new owners of The Center, the world\u2019s most expensive office building, have said they want new tenants who will pay higher rents, when global investment bank Goldman Sachs\u2019 lease expires in December.\u00a0\u00a0\u00a0 \u201c[Goldman Sachs] is paying rent well below market value,\u201d said Pollyanna Chu Lee Yuet-wah, a co-founder\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":116071,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/in-a-whiplash-inducing-hong-kong-property-market-tenants-paying-less-are-better-than-no-tenants-at-all\/","url_meta":{"origin":147434,"position":4},"title":"In a whiplash-inducing Hong Kong property market, tenants paying less are better than no tenants at all","date":"May 5, 2020","format":false,"excerpt":"\r In April, a flat in Taikoo Shing rented out for just around HK$25,000 (US$3,225). That would be unspectacular if not for the fact the previous lease agreement was for HK$32,000 \u2013 a roughly 20 per cent drop in rent.That is a reflection of the property climate in Hong Kong\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":58648,"url":"https:\/\/www.siamlandbank.com\/propertynews\/property-news\/experts-urge-private-home-sellers-buyers-to-be-realistic-with-expectations\/","url_meta":{"origin":147434,"position":5},"title":"Experts urge private home sellers, buyers to be realistic with expectations","date":"June 22, 2017","format":false,"excerpt":"\r \u00a0 With the Singapore Land Authority on Tuesday (20 June) affirming the policy that no compensation will be given to owners of residential properties upon lease expiry, property experts called on private home buyers and sellers to be realistic with their expectations, reported Today Online. This comes as thousands\u2026","rel":"","context":"In "Property News"","img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/147434"}],"collection":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/comments?post=147434"}],"version-history":[{"count":0,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/posts\/147434\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/media?parent=147434"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/categories?post=147434"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.siamlandbank.com\/propertynews\/wp-json\/wp\/v2\/tags?post=147434"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}