A real estate investor who has in mind an old property, say a 30-year-old inheritance property, may find it difficult to resell the property because it would not be easy for the proposed buyers to finance it. Such properties also cannot be remarkably valerized. The main challenge for the buyer is the renewal of the occupancy contract after the conclusion of the lease. In addition to renewal, older real estate also requires additional costs such as property taxes. In addition, a buyer could also face challenges with regard to the transfer of ownership of the property and registration documents. However, if the descendants of an estate property own the property for 99 years, they only have to pay for the renewal of the lease.
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