Leasehold properties — usually flats — make up 20 per cent of the UK’s housing stock, an estimated 4.86 million homes. The term refers to a temporary right to lease land or property from a freeholder, which usually involves paying ground rent — this charge was effectively abolished for new leases last June under the Leasehold Reform (Ground Rent) Act 2022.
Leaseholders who have owned their property for at least two years have a statutory right to extend their lease by 90 years for a flat or 50 years for a house, though this excludes those on shared-ownership schemes who do not yet own 100 per cent.
Denne historien er fra February 15, 2023-utgaven av Evening Standard.
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Denne historien er fra February 15, 2023-utgaven av Evening Standard.
Start din 7-dagers gratis prøveperiode på Magzter GOLD for å få tilgang til tusenvis av utvalgte premiumhistorier og 9000+ magasiner og aviser.
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