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30 year lease if house is mortgaged ?


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It's not possible without the bank's consent (which your are never going to get). The reason is because the person taking the loan agrees to give the property as security against the loan. At this point the bank has to agree anything that would lessen the value of the security or make the security more difficult to dispose in case of a default in repayment.

Clearly, encumbering the property for 30 years to a third party is not in the bank's interest - unless you were talking about a commercial property. In this instance, however, you mentioned a home.

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