A lease is a contract between the leaseholder and the landlord giving conditional ownership of the house for a fixed period of time e.g. 99, 125 or 999 years. As a leaseholder you are not entirely free to do whatever you want with the house. The lease comes with conditions such as obtaining the landlord’s consent to carry out alterations. You may also be required to pay a contribution towards the upkeep of the estate where the house is part of an estate.
More information you might find useful:
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers