Recurring Obligation (Reallast)
What does it mean?
This property carries a recurring obligation — typically recurring payments or services owed to a third party. This survives any sale and becomes the new owner's responsibility.
Is this a problem when buying?
Something to clarify before buying. Not an automatic deal-breaker, but worth checking.
What you should do as a buyer
Find out exactly what the obligation is, who it is owed to, and how much it costs annually.
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