Category: Leasehold
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Leasehold or Share of Freehold
When it comes to flats, apartments and maisonettes, we often get asked about the difference between a leasehold property and a share of freehold. In this article, we are looking to explain some of the differences and main advantages and disadvantages of both types of property tenure to help you make an informed decision about…
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Tyneside Lease – What Is It And How Is It Different To Standard Leasehold Properties?
The Tyneside Lease was originally granted to flat owners in the late 1800s to accommodate a growing work force in the North East of England. These were (and continue to be seen) in areas particularly around Sunderland, Newcastle, and Gateshead. Since its inception, Tyneside Leases have been adopted to use in other part’s of the…
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MEES Regime
With cost of energy rising significantly recently, energy efficiency has become a hot topic for discussion throughout all walks of life. From switching off electrical appliances on standby to reducing the frequency and time of operating your washing machine, the recommendations and suggestions are endless. Tenants of commercial leases are no different and with the…
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Retirement Properties for the over 55’s and 60’s
We are all living longer. According to the Office for National Statistics, women tend to live around 20 years after they retire, and men 15 years. Because of this, the market for retirement properties has grown noticeably in recent years, with more people freeing up cash by selling their former family home. Residents in retirement…
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Cladding: Leaseholders in lower-rise buildings set to be spared costs as Michael Gove ‘resets’ government approach
Today, leaseholders living in apartment blocks 11 to 18 metres high are expected to be given a financial lifeline by the government when Michael Gove, Secretary of State for Levelling Up, Housing and Communities, announces leaseholders will no longer have to contribute to replacing dangerous cladding. The proposed move is a U-turn of the government’s…
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Ground Rent: Everything you Need to Know
If you own a leasehold property in England and Wales, you are probably paying rent to the freeholder or landlord of the property. This is called ‘Ground Rent’. It is a fee that is charged on leasehold properties for the land your home is standing on. Differences between freehold and leasehold properties Ground rent is…
