What is Leasehold?
Leasehold ownership of a flat is simply a long
tenancy, or lease, which lasts for a fixed period of time. At the
end of the period, the flat reverts back to the Council (the
landlord).
More about leasehold
Our leases are fixed for 125 or 126 years, depending on which
type of lease you have.
The contract for the tenancy of your flat
can be bought and sold during the life of the lease.
As a leaseholder, you are responsible for
most things inside your flat, from floorboards to plaster and
plumbing to electrics.
The structure and common parts of your block -
and the land it stands on - is owned by the Council (the
landlord). The landlord is responsible for maintaining both
the structure and common parts of your block.