What is a Lease?
A lease is a legal contract between you (the
leaseholder), and the council (the landlord). It sets out the
rules that you and the landlord must keep to.
Your lease is an important document, so
please take the time to read it.
More about your lease
Changing the conditions of your lease after
you buy is difficult, so it is worthwhile making sure that the
services provided in the lease are those that you want or can
accept.
Leaseholders are not necessarily entirely free
to do whatever they want in or with the flat. That’s because the
lease comes with conditions to protect the rights of everyone else
within the building.
When a flat is sold, the seller ‘assigns’
(passes on) all the rights and responsibilities of the lease to the
purchaser, as well as any future service charges that have not yet
been invoiced. This also includes actual adjustments.
Like most legal documents, your lease contains
lots of legal jargon. Help to understand it is available from your
local Citizens Advice Bureau or your solicitor. Your solicitor may
charge you for this service.
Always keep a copy of your lease in a safe
place, so that you can refer to it in the future if you need
to.
You may have a right to extend your lease.