About Leaseholds – What Is a Lease and What do you Pay for?

By Datography Ltd published on 25/10/2017  

If you’re looking around for a flat to buy then you’ll have come across the term ‘leasehold.’ Most flats and some houses are sold with a lease of 999 years or 99 years and there are older properties that have less than 99 years. Buying leasehold means that you do not own the land upon which the property is built. This is owned by the leaseholder. A leaseholder is normally responsible for common wa Tags: Leaseholds, Buying, Property