UK

Property

Property law, conveyancing, strata management

24 questions

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Leasehold Rights

(6)
I want to buy a leasehold flat. What are the implications?
Buying a leasehold flat means you own the property only for the length of the lease, not the land β€” you’ll pay ground rent and service charges, and may need the freeholder’s permission for changes.
My leasehold has less than 80 years remaining. Can I extend it?
Yes, you can extend your leasehold even if it has less than 80 years remaining, but the process and costs depend on whether you qualify under the Leasehold Reform, Housing and Urban Development Act 1993 β€” the 1967 Act does not apply to flats or lease extensions.
I own a flat and the freeholder won't maintain the building.
As a leaseholder, you have legal rights to compel the freeholder to maintain common parts of the building under your lease and the Landlord and Tenant Act 1985. If they fail, you may apply to the First-tier Tribunal (Property Chamber) for an order or seek cost recovery.
I want to convert my property to freehold. What is the process?
To convert your leasehold property to freehold in England and Wales, you may be eligible to enfranchise under the Leasehold Reform Act 1967 β€” but only if your property is a house (not a flat), you have owned the lease for at least two years, and it meets statutory criteria.
I own a leasehold and the ground rent has increased dramatically.
The Leasehold Reform Act 1967 does not regulate or cap ground rent increases for most leaseholds β€” it mainly gives qualifying leaseholders the right to extend their lease or buy the freehold. Ground rent rises are usually governed by your lease terms.
The freeholder wants to sell. Do leaseholders have a right of first refusal?
Yes, qualifying leaseholders in England and Wales have a statutory right of first refusal when the freeholder intends to sell the freehold interest in a building containing flats.