If the property you are buying or selling is leasehold, you will own the property for the term specified in your lease.

Your lease will define you as the ‘tenant’ and will make reference to your ‘landlord’ who owns the freehold title out of which your lease has been granted.

Your lease will specify such things as any rights granted to you, covenants which you must abide by and will identify your property with reference to a plan.

You will be required to pay an annual ground rent, and may also need to contribute towards maintenance costs of the building as a whole and any common parts. Your landlord may be responsible for effecting buildings insurance so your lease will specify the contribution you must make to the cost of the policy.

If you are buying a flat, the chances are it will be held on a leasehold title.

By instructing Sintons you can be confident that we will handle your matter diligently, providing you with all the information you need to understand the process from start to finish.

If you require any further information please feel free to contact us.

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