Selling a Retirement Flat
Your options when selling you retirement flat are completely dependent on the terms of your lease.
Most retirement leases stipulate the minimum age of occupants, which is usually 60, however some are as low as 55.
When you sell your retirement flat you can only market the property to people over the age stated in the lease.
Some landlords charge for the transfer of ownership and also an up keep charge when properties are sold, always ensure you get your solicitor to check the terms of your lease – so you are prepared when you re sell.
You remain liable for the service charges until the contracts are completed.
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