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Old 25.04.2015, 13:45
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Re: Buying a house but renting the land?

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Ok I'll give you an example.

You buy a house, here in Switzerland for let's say, 800 000 chf. The land belongs to the city which you have to pay 8000 chf per year.

I don't get it. Why would someone agreed to it? Why to buy a house you don't own the land under it?



I am totally clueless on this and just looking to understand the why.
And then you have the guy that sold a 9000 year lease:

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Arthur Guinness started brewing ales from 1759 at the St. James's Gate Brewery, Dublin. On 31 December 1759 he signed a 9,000 year lease at £45 per annum for the unused brewery.
I wonder who they are paying the £45 to now
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  #62  
Old 25.04.2015, 14:00
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Re: Buying a house but renting the land?

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It shouldn't be impossible, although it is not made to be easy and you have to understand the rules. If you've looked into it in detail, you'll probably already have come across something like this, which is a nice summary: (ger) link
At one point, the BGBB was my bedtime reading material of choice. And after years of (unsuccessfully) looking for my Swiss farm, I'd become well acquainted with the good folks at the Amt für Raumentwicklung and the myriad other agencies who all have their fingers in the Landwirtschafts property pie. Purchasing buildable farm property in Switzerland as a non-Swiss is not for the faint of heart - or the shallow of pocket.

With or without owning the land. (To get back OT.)
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  #63  
Old 27.04.2015, 15:40
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Re: Buying a house but renting the land?

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And then you have the guy that sold a 9000 year lease:



I wonder who they are paying the £45 to now
That contract must have survived two changes of currency. First from UK pounds to Irish punt, and then to Euros. Or maybe they're still paying in pounds?

The school I attended in the UK (or its predecessor) had back in the day of Henry VII been awarded a grant of 10 pounds by the crown. That sum is still payed to this day and normally handed over by the town mayor at the school summer fete. It was always amusing to see the headmaster thank him profusely and say that these 10 pounds are going to be put to good use improving the quality of the education our pupils receive.
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Old 27.04.2015, 16:50
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Re: Buying a house but renting the land?

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That contract must have survived two changes of currency. First from UK pounds to Irish punt, and then to Euros. Or maybe they're still paying in pounds?

The school I attended in the UK (or its predecessor) had back in the day of Henry VII been awarded a grant of 10 pounds by the crown. That sum is still payed to this day and normally handed over by the town mayor at the school summer fete. It was always amusing to see the headmaster thank him profusely and say that these 10 pounds are going to be put to good use improving the quality of the education our pupils receive.
The GBP has survived so there would be no change to the payment terms.
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Old 27.04.2015, 16:56
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Re: Buying a house but renting the land?

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The GBP has survived so there would be no change to the payment terms.
But wouldn't the introduction of the Irish Punt have led to contracts in pounds signed in Ireland, or concerning rents and incomes payed in Ireland be automatically transferred to the new currency?

Bad comparison, I know, but if there were to be a Grexit, I don't think Greek civil servants would expect their salaries to continue to be payed in Euros. Well, they might expect it, but it wouldn't happen.
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Old 27.04.2015, 17:39
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Re: Buying a house but renting the land?

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But wouldn't the introduction of the Irish Punt have led to contracts in pounds signed in Ireland, or concerning rents and incomes payed in Ireland be automatically transferred to the new currency?

Bad comparison, I know, but if there were to be a Grexit, I don't think Greek civil servants would expect their salaries to continue to be payed in Euros. Well, they might expect it, but it wouldn't happen.
No, why would it as the currencies were not fixed.
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