'Transfer of freehold land' - mention of a lease?

[Chris1989]

Hi everyone, me and my fiancee are currently purchasing our first house and their solicitors have sent our solicitors the following document (cleared of personal info to post on here)

www.dropbox.com/s/qlbgnymhdordw8e/Lease.pdf?dl=0

Our solicitors raised a query with them regarding 'The Second Schedule' portion go the document as to whether the lease is still payable.

As the property is freehold I don't understand what this means? It mentions a 99 year lease from 1923 at £3.00 per year, which is obviously not much but is a lease like this normal?

Thanks!

Is it a ground rent? There's only 8 years left on the lease. What happens at the expiry of the 99 year term? What does your solicitor say? You need to ask them to explain this in conjunction with any other related documents.

Sorry I couldn't open the link you posted
You need to ask your solicitor and get him to explain it to you in layman terms
Hope it works out ok 👌