What is a leasehold property?
A leasehold property is where you buy the property for a certain period of time (as set out in the lease), and you don’t own the land associated with the property. You'll have a legal agreement, a 'lease', between you as the 'leaseholder' and the 'landlord', also known as the "freeholder". Most commonly, flats and apartments are leasehold properties.
Leasehold conveyancing is generally more time-consuming because of the additional work involved in understanding and reviewing the terms and conditions of the lease from the freeholder or landlord.
For more information on leasehold conveyancing and how we can help, call our conveyancing team on today.
