Why Are Leases Limited To 99-Year Terms and 999-Year Tearm?

  1. ngureco profile image82
    ngurecoposted 8 years ago

    Why Are Leases Limited To 99-Year Terms and 999-Year Tearm?

  2. shirleybill profile image55
    shirleybillposted 8 years ago

    The main reason behind the leases is that:
    No one lives to be that old, and if they do, they are normally in a retirement or nursing home.
    Leases cannot be willed.
    Leases are not normally transferable.

  3. lime light power profile image60
    lime light powerposted 7 years ago

    Actually, leases are transferable, depending upon how they are written.

 
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