Quote:
Originally Posted by afc wimbledon
The land was leased not bought, and that your grandfather leased it does not diminish your obligation to the lease, my father has a 66 year lease on his apartment in London, when he dies I will inherit what ever is left of it, I cant just decide to keep the house when that lease expires, I have to go to the land owner and negotiate an extension or purchase of the lease.
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What land are you talking about? Land purchases work much differently in Canada than they typically do in the UK. I've never heard of someone acquiring a 99 year lease or the like in Calgary, at least not for residential land.