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Residential Conveyancing

Leasehold & Freehold Property

Atkins Dellow > Residential Conveyancing > Leasehold & Freehold Property

Expert Conveyancing Solicitors for Leasehold & Freehold Properties

Are you buying a property?
Know if it’s Leasehold or Freehold?
Know what that means?

If in doubt, we can help.

Get in touch with our team for a no-obligation conversation about your situation on 0330 912 8338.

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It’s important to know if the property you’re interested in is Leasehold or Freehold for many reasons.

This can be particularly crucial if the property you’re planning on purchasing needs renovations or you are thinking about further construction.

Our team of experienced Residential Conveyancing Solicitors are committed to guiding you through a seamless and protected process to secure your next investment

Leasehold & Freehold Property FAQs

What is the difference between leasehold and freehold property?

In England and Wales, leasehold property means that the owner only has the right to occupy the property for a specified period of time, while freehold property means that the owner owns the property and the land outright.

What types of properties are typically leasehold?

Leasehold properties are commonly found in flats and sometimes in houses or rooms above commercial premises.

How long can a lease be?

Leases can vary in length, with longer leases being more valuable. However, it is important to note that owning a property with a shorter lease can make it difficult to sell.

What happens when a lease expires?

When a lease expires, ownership of the property reverts back to the original owner of the land. However, laws allow for lease extensions to maintain the property’s value.

Who is responsible for maintaining the exteriors or structural walls of a leasehold property?

The landlord is typically responsible for maintaining the exteriors or structural walls of a leasehold property.

Can I make alterations to a leasehold property?

Making significant alterations to a leasehold property may require the landlord’s consent and may incur additional costs. It is advisable to consult with the landlord before making any major changes.

Can I keep pets in a leasehold property?

Keeping pets in a leasehold property may also require the landlord’s consent. It is important to check the lease agreement and seek permission from the landlord if necessary.

What is a share of freehold?

A share of freehold refers to the situation where leaseholders collectively own the freehold of the property. This gives them more control over the management and maintenance of the property.

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