Short lease

Discussion in 'Emerging Property in Europe' started by Tanco, Nov 14, 2017.

  1. Tanco

    Tanco New Member

    Am interested in an overseas property in Italy. It is being sold at an astonishingly cheap price, and found out it's due to very short lease (30 years). It's said that the lease is likely to be extended and sellers who want a quick sale have said that it is guaranteed. How can we ensure that this be guaranteed, under Italian law?
  2. lookinginvest

    lookinginvest Member

    It is ok them telling you it will be extended but how much will it cost to extend it? I would strongly advise appointing an Italian lawyer to work on your behalf.
  3. realdeals

    realdeals Member

    No such things as "cheap" - it is cheap for a reason. From what you say it looks like the lease might be the issue.
  4. michael1978

    michael1978 Member

    If it's cheaper than it should be then there is an issue and yes, having a local handling paperwork is the best. Sounds interesting though.

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