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Legal Terms - Future Lease
(Reversionary Lease) A lease with a future start date rather than instant possession. Leases can be legally considered estates in land, unlike other future interests. According to the Law of Property Act 1925, a lease that extends over 21 years from the grant date is considered void. Leases starting after three months from the grant date must be registered.
(Reversionary Lease) A lease with a future start date rather than instant possession. Leases can be legally considered estates in land, unlike other future interests. According to the Law of Property Act 1925, a lease that extends over 21 years from the grant date is considered void. Leases starting after three months from the grant date must be registered.
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