By how many years does a typical lease extension add to the current lease term?

By how many years does a typical lease extension add to the current lease term?

• A. 50 years
• B. 60 years
• C. 90 years
• D. 100 years

Answer: (C)

When a lease is extended, a fixed number of years is added to the remaining term. The standard figure used in typical extensions is 90 years. So the new lease length becomes the current remaining years plus 90. This long-extension target helps secure the property’s value, marketability, and mortgageability by ensuring the lease stays well above the 80-year threshold that lenders often prefer. Other numbers are not the usual addition in a standard extension, making 90 years the best answer.

When a lease is extended, a fixed number of years is added to the remaining term. The standard figure used in typical extensions is 90 years. So the new lease length becomes the current remaining years plus 90. This long-extension target helps secure the property’s value, marketability, and mortgageability by ensuring the lease stays well above the 80-year threshold that lenders often prefer. Other numbers are not the usual addition in a standard extension, making 90 years the best answer.