If you own a leasehold property in the UK, you may want to extend the leasehold agreement to increase the value of your property or to avoid complications in the future. Here are the steps to extend a leasehold agreement: Check if you are eligible: You are generally eligible to extend the leasehold agreement if you have owned the property for at least two years. Get a valuation: Before you start...
Ground rent and service charges are two common charges associated with leasehold properties in the UK. Ground rent is an annual fee paid by the leaseholder to the freeholder or landlord of the property. It is usually a relatively small amount, and the lease will specify the amount and when it is due. Ground rent can increase over time, so it is important to check the lease to see if there are any...
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...
Compare listings
Compare