Conveyancing

5 things to know when buying a leasehold flat

5 things to know when buying a leasehold flat

The two most common ways to own a property are freehold or leasehold. The freeholder of a property owns it outright, including the land it is built on. With a leasehold purchase you will have a legal agreement (a ‘lease’) with the freeholder under which you will own the property for a set period of time (the term). 

What should you know when buying leasehold?

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