From the bench: Inheriting old rent rights
What if a child opts to reside with his elder parents, when such parents enjoy the benefits of the old leases’ regime? This is the major preoccupation of every owner who has a property rented out under the pre-1995 leases laws. Indeed, lease inheritance, in favour of a lessee’s relative and the generation after that, as secured by the pre-1995 lease laws, is a further lifeline of an old lease that dates back generations − naturally to the disadvantage to the leased premises’ owners. As a point of fact, this is one of the reasons why such leases have become a recent major controversy, ...