Source Rental Property

What is the typical length of a leasehold agreement in London?

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...

What is a Condition Report and when is it required?

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...

What is a Homebuyer Report and when is it required?

A Homebuyer Report is a type of property survey that provides a more detailed assessment of the condition of a property compared to a basic mortgage valuation report. It is intended for properties that are relatively modern and in reasonable condition. A Homebuyer Report is typically carried out by a qualified surveyor and includes a visual inspection of the property and an assessment of its condition....

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