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Your lease

As a leaseholder it is important that you understand your lease and your legal responsibilities.  You should always check your own lease as it is a legal document that says what your rights, responsibilities and obligations are as a homeowner.

What is a lease? 

A lease is a formal contract between you (the leaseholder or lessee) and the landlord (the lessor and in most cases the freeholder).

A lease sets out the conditions which the landlord and the leaseholder must keep to.  The lease describes the relationship between the landlord and the leaseholder and explains their rights and responsibilities.

Your lease will set out:

  • The length of the lease.
  • What is included in the service charge.
  • Who is responsible for maintaining the property (inside your home and the outside communal areas).
  • How much ground rent (rent for the land your property is on) and/or shared ownership rent you pay and how this will be increased in future.
  • What you need to do if you plan to make any changes to the property.
  • What areas of the building are for your exclusive use and this which you share with others.
  • Our obligations to repair and maintain the common areas.

Your solicitor should have given you a copy of your lease when you bought the property and explained to you your rights and responsibilities, as well as our rights and responsibilities. Your lease is an important legal document and may be difficult to understand without the help of a solicitor, however please contact us first, as we can offer some assistance in explaining the terms of your lease. The rights and responsibilities given to you in the lease may be similar to that of other residents but it is always advisable that, where you have legal disputes or concerns, you always check your lease.