In the UK, a leasehold property is one where the homeowner owns the property for a fixed period of time, typically 99 or 125 years, but the land on which the property is built remains owned by a freeholder. The leasehold property owner is required to pay ground rent to the freeholder, who is responsible for maintaining the land and any communal areas. In contrast, a freehold property is one where the...
The length of a leasehold agreement in the UK can vary widely depending on the property and its location. Typically, leases for flats and apartments are between 99 and 125 years, while leases for houses can be as long as 999 years. Leasehold agreements are common in the UK for properties that are owned by a freeholder but are occupied by a leaseholder, who pays a ground rent and may also be responsible...
A Condition Report is a type of property survey that provides a basic assessment of the condition of a property. It is designed for properties that are relatively modern, in good condition, and require a simple overview of their condition. A Condition Report is usually carried out by a qualified surveyor and includes a visual inspection of the property and an assessment of its condition. The report...
Compare listings
Compare