News archive: April 2017

  • Posted on April 28, 2017
    What do we mean by the phrase “long leasehold house”? In the English Legal System there are two main classes of property title, Freehold and Leasehold. As the owner of a freehold property you own the land and any buildings on them. In contrast as the owner of a leasehold property you will simply have a temporary right to occupy the property under the terms of a lease which has been granted out of a freehold title. A lease will endure for a specified period of time after expiry of which you then will have no interest in the property whatsoever. A long lease is a lease for a term of more than 21 years. Typically for residential property this will usually be for terms starting at 99 years.

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