Short lease

[Tanco]

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?

 

[lookinginvest]

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.

 

[realdeals]

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

 

[michael1978]

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.