If you are buying or selling a property, you might have come across the term ‘rentcharge’ either referred to within the title deeds of the property or mentioned by your conveyancing solicitor. But, what is a rent charge? In this article, we will take a...
When purchasing a freehold property, one would be forgiven for thinking that there will be no additional freehold maintenance obligations. Unless experienced it personal, the majority of people assumed that maintenance obligations and payments are linked to common parts of leasehold properties through service charge...
With the government attempting to curb unscrupulous developers and freeholders charging exorbitant sums of money for leasehold service charges also known as an estate rent charge, it appears they have now turned their attention to the new-build freehold market. A silent revolution is going on which...
The Current Rules On Leasehold Properties Under current rules, house leaseholders can only extend their lease once for 50-years with ground rent. Compare this to flat leaseholders who can extend as often as they wish at a ‘peppercorn’ or zero ground rent for 90 years. The...
Whether you are purchasing or selling residential or commercial property there are several types of Tax that may need to be paid. Since tax may not be payable until after the sale has taken place, it’s important that you know what the bill is going...
Many individuals who lease a flat are not aware that they can buy the freehold from the landlord. If the landlord is thinking of selling the property, he must first give the leaseholders the right of first refusal, or, if enough of the leaseholders want...
If you read our recent summary on having pets in leasehold property then welcome to our follow up article on leases generally. If you are buying or have bought a leasehold property (probably a flat) then here is some important information on what it means...
Buying a freehold of your property also known as, leasehold enfranchisement has gained the attention of media over the years. Leaseholders can now easily make a claim due to recent changes in the law. In line with falling property prices, this is an ideal situation...
It is a really interesting to listen to the various justifications people make when it comes to buying a leasehold property. To break it down, it is quite important to understand the difference between a Freehold and Leasehold Property is. Buying a Freehold property means that you...
