News for hackers. Stuff that matters.

A comment on 999-Year Lease.

Re:999-Year Lease by chewyfruitloop on Thursday July 18, 2019 @03:53PM (#20473340)
My house is on land that’s on a 999 year lease since 1870(ish) from the county that moved boundaries 40 years ago...and we have no idea who the the lease holder is... so that’s fairly perpetual
[ Parent | on HN ]
Re:999-Year Lease by ralfd on Thursday July 18, 2019 @09:14PM (#20475461)
So ... can you sell the house?
[ Parent | on HN ]
Re:999-Year Lease by Fezzik on Thursday July 18, 2019 @11:39PM (#20475993)
Generally, yes. You can sell the building on the land (which you own) and transfer the lease (sometimes for a fee, sometimes not). My family has a cabin North of Seattle, WA (USA) that is on land that a non-profit cultural association just renewed a 99 year lease on from a railroad (I forget which one). So long as you abide by the org rules sales are easy. I do not know how universal such set-ups are.
[ Parent | on HN ]