The vast majority of flats in England and Wales are leasehold, which includes everything from new-build properties, converted houses, 1960s tower blocks and Victorian apartments. When you purchase a leasehold property, what you are buying is a legal right (a lease) which gives you effective ownership of the property for a given period of time, i.e. the duration of the lease.
If you require any assistance with leases, the team at Rumball Sedgwick specialises in providing professional valuations and advice on lease enfranchisement, lease extension, lease plans, and buying the freehold.
What is a lease?
A lease is a contract between the leaseholder and the landlord, which defines the responsibilities and obligations of both sides and states what services the leaseholder can expect from the landlord. No two leases are the same, so it’s essential that you, or an experienced expert acting on your behalf, read and understand the contents of your lease.
With a leasehold property, it’s important to understand what you do and don’t own – the knowledgeable professionals at Rumball Sedgwick will be able to guide you through this.
Top quality service from a dedicated team
If you are an occupier of a leasehold property, our leasehold management team will provide you with a comprehensive service, whether or not you are part of a freehold management company.
Our team has a detailed understanding of the legislation in this area and how it works in practice for all types of leasehold properties, whether they are blocks of flats or individual dwellings with common areas.
We regularly negotiate terms for clients and most applications are agreed without dispute but, if necessary, we have expert witnesses who can give authoritative evidence before courts, tribunals and arbitrators.
If you require further information, call us on 01727 519143 for lease assistance and specialist advice.