Selling a leasehold property is frequently more challenging and time-consuming compared to selling a freehold property. Prospective buyers are often hesitant due to the complexities of lease terms, unpredictable future ground rent increases, and the impending expiration of the land contract. Furthermore, commercial mortgage lenders enforce strict lending criteria or refuse financing outright for properties with short remaining lease terms, shrinking your pool of qualified buyers and often forcing sellers to accept lower market valuations.
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