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Estate agents are obliged to tell you anything material that may affect your buying decision.

Disclaimer

This information is general in nature and should not be relied on in relation to any particular property purchase. It only applies to properties in England and Wales.

 

You should always take advice from a solicitor or conveyancer before you make a deposit or commit to buying any type of property.

 

It is recommended you search the Internet for terms like “buying a leasehold property” to understand more about the issues.

More information can be found in the guide: Thinking of buying a flat?

See also Freehold vs leasehold conveyancing flowchart.

LEASE is governed by a board, appointed as individuals by the Secretary of State for the Ministry of Housing, Communities & Local Government.