Are 999 year leases legal

Answer 1

A yes and no solution: yes: it is legal where the leasor seem to be the beneficiary from the onset of the contract . yes; where as at the time of contracting, evidence exists that the leasor were in bankruptcy and needed funds to pay off a part of other estates also owned by them. alec lobb garages ltd v total oil Gb[1983]1 WLR 87 is a vital precedent for your update. No: where evidence exist that the leasor had no choice and where not given a copy of the lease to sign,read or retainafter physical cash inducement was offered. No; despite being unemployed and had nothing else but the leased property to live on, duress and unreasonable presure of the cash may cause the contract to be voidable. care must be taken to read the very term of contract before a possible answer could be chosen.