What is the minimum length of a lease?
The minimum length of the lease is ten years. Depending on the value of the repairs, the local authority/AHB may require the lease period to be up to 20 years. This will ensure that the value of the repairs is repaid in a gradual fashion. See table below.Cost of repairsMinimum duration of leaseOffset to be cleared by
Up to 10,00010 yearsYear 8
Up to 20,00015 yearsYear 12
In excess of 20,00020 yearsYear 15
