A large proportion of properties in England and Wales are owned on a leasehold basis. A landlord owns the building which is divided into units. These units are then rented out to individuals (leaseholders or tenants) for long periods of time. The agreement between the landlord and the leaseholder is known as a lease. The lease sets out the terms of occupation and sets out rights and obligations which both parties must comply with. It gives the leaseholder a right to occupy a unit for a set number of years, which decreases every year. It is also possible to have leasehold houses where a landlord owns a large estate and rents out houses.
Each flat will be owned on a leasehold basis, granting a right to use the flat. It will also grant rights to use any communal areas. Traditionally, the landlord will retain control and management of the whole building and the leaseholder will contribute regularly towards the upkeep by way of a service charge.
Our team is actively involved with the leasehold government reforms and we have years of experience dealing with the existing system. We can advise on any leasehold matter, including:
We are fully transparent with all of our costs and disbursements. We will confirm these with you together with the process and timeframes in advance of incurring any costs. We provide details of sample costs on the "our charges" page (see link at the bottom of our website) for debt collection, conveyancing and for wills and probate. Please contact us for further information on costs.
The leasehold system is in the process of being comprehensively reformed both in relation to transactional rights and litigation rights. Our experts have assisted directly with the reforms. Please see our Articles page for the latest on these reforms and our Reforms page for an overview of the law making process.