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Full Text of "14 720 LEASEHOLD AC UNION DIST O&G LEASE 8 Form

Full Text of "14 720 LEASEHOLD AC UNION DIST O&G LEASE 8 Form

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wondering what a leasehold property is in the UK here's the simple breakdown when you buy a leasehold property you own the property itself but not the land it's built on instead you lease the property from the Freeholder usually for a fixed period of time which could be 99 125 or even 999 years as a lease holder you're often responsible for paying ground rent service charges for the building's maintenance and sometimes even commission fees for alterations this can be very different from Freehold ownership where you own both the property and the land indefinately leas hold is most common with Flats but reforms are ongoing to make leasehold ownership fairer for all always check your lease terms carefully and consider the long-term implications before buying [Music]

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