By becoming a leaseholder, you have entered into certain obligations, such as paying your ground rent and service charges on time. In addition to this you are trusted to abide by the terms and conditions of your lease agreement.
Whilst we have tried to include as much information as possible, we are not able to cover everything that may arise and you may well have queries that are not answered here. If so please contact us and we will endeavour to help in whatever way possible.
This is just a guide and doesn’t replace your lease.
What is a leasehold?
A leasehold is a long tenancy. It gives you the right to use and live in your home for a fixed number of years.
However, we own and are responsible for the land your home sits on, the structure of your home and any shared parts of your block.
What is a lease?
When you buy your flat or maisonette you become bound by the conditions of the lease. Your solicitor should have given you a copy of your lease when you bought the property and explained your rights and responsibilities, as well as our rights and responsibilities.
Your lease is an important legal contract so please take time to read it and keep it in a safe place. It is important that you keep to the conditions of your lease
If there is anything in your lease that you don’t understand, you should get independent legal advice
There are several laws and Acts of Parliament protecting your rights as a leaseholder. If you are not sure of your rights, a solicitor can advise you or you can contact the Citizens Advice Bureau.
The main Acts of Parliament covering leasehold tenancies are:
- Housing Act 1985
- Landlord and Tenant Acts 1985 and 1987
- Housing and Planning Act 1986
- Leasehold Reform, Housing and Urban Development Act 1993
- Housing Act 1996
- Commonhold and Leasehold Reform Act 2002.
You can see copies of these Acts on-line at www.legislation.gov.uk