Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
A leaseholder is someone who owns a property on a lease, typically for 99, 125 or 999 years. The length of the lease decreases year by year until it eventually runs out.
A leaseholder is also called a tenant, but this should not be confused with short-term agreements. It is essential to be familiar and understand the terms of your lease because this sets out your rights and obligations.
More information you might find useful: