The Allure of a Modern Condo Higher Rental Premiums and Desirable Amenities for Tenants
A 99-year leasehold condominium is currently being offered for sale, with only 60 or 70 years left on its lease. Such properties with shorter remaining lease terms might be subject to limitations on financing options, lower demand, and less potential for capital appreciation. Additionally, this condo may also be available for rent naturally through condo rental.
As the demand for urban living continues to rise, the allure of modern condos has become increasingly evident. More and more people are choosing to rent or buy condos over traditional houses, and for good reason. Modern condos offer a unique combination of higher rental premiums and desirable amenities, making them a sought-after option for both tenants and investors.
A condominium with a 99-year leasehold, which may only have approximately 60 or 70 years left, could be subject to limitations in terms of securing financing, lessened demand, and potentially decreased potential for capital …
