ASK530: Is this short lease worth it? PLUS: How do I keep up with two sets of laws?
The Property Podcast
Rob Bence & Rob Dix
4.8 • 2.1K Ratings
🗓️ 30 June 2026
⏱️ 8 minutes
🔗️ Recording | Apple Podcasts | RSS
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| 0:00.0 | Hi, I'm Rob. And I'm Rob. And this is Ask Rob and Rob. |
| 0:06.8 | Hey everyone, it's Ask Rob and Rob, the show where you get your questions in, predominantly |
| 0:11.2 | property related. Sometimes you go a little off piece, but we don't mind that. And we do our |
| 0:16.3 | very, very best to give you a good answer in return. We've done this over 500 times now, so we're well-versed, |
| 0:23.3 | but luckily, you always have a lot of questions, and we'll guide you now to the place you can go |
| 0:28.6 | to ask some more. Yep, it's just one destination, property hub.net slash ask. If you go there, |
| 0:34.5 | you can leave us a question in written form for our Sunday Times column, or you can get yourself on the show and be the envy of all your friends by leaving us a voice note. |
| 0:43.0 | All righty, so let's get going. Let's have our question in from Jessica. |
| 0:46.9 | Hi, Rob and Rob. I'm very new to the property game, so I'm enjoying learning a lot from your podcast at the moment. |
| 0:52.5 | So thank you for everything you do on that. |
| 1:01.7 | My question is about purchasing a bi-select property with a shortish lease remaining. And by shortish, I mean around under 130 years. I understand about the 80-year marriage value mark |
| 1:08.7 | and also the potential hassle of renewing a lease. But I wonder if |
| 1:13.9 | the upside of that and the reduced property price that you get makes that worth it. I'm also wondering |
| 1:21.3 | how much you can find out about what that lease renewal process will look like with a leaseholder |
| 1:26.5 | before you purchase a property |
| 1:28.4 | or if you just have to take the risk. Thank you so much in advance. Hey Jessica, thank you for your |
| 1:34.6 | question. It's great that you have some awareness around this. Lots of people don't. So this is why |
| 1:39.6 | I love this show because not only it helps you, but it helps other people listening to it as well. |
| 1:44.5 | And 130 years, I would be very comfortable with. So normally, if this was a residential |
| 1:51.4 | purchase, people may have it for 25 years, mortgage lengths off for 25, 30 years. By the time |
| 1:57.6 | you go through that length of time, you would still be absolutely fine. I would have |
| 2:03.6 | concerns if it was like 105 or less. You know what? I've said concerns. I don't even think |
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