I intend to buy an apartment in bath island karachi where the sub lease is expiring after two years. Kindly advise if i should buy or not. What will happen after expiry and what cost will be incurred in case of renewal.
You must do a Due Diligence exercise before you purchase this property. I would suggest that you review the sublease, and consult a lawyer who specialises in rental disputes and obtain his advice on the owner’s rights in respect of the lease. If possible also meet the lessee, sub-lessee in the presence of your lawyer before closing the deal.