Cladding crisis highlighted issues as leaseholders ask government to facilitate commonhold systemPlans to abolish ‘feudal’ leasehold system in England and Wales dropped Given that they have paid large sums for their homes, leaseholders might be surprised to find that they are in a landlord and tenant relationship with the freeholder. The rights and obligations on both sides are governed by the terms of the lease agreement – including its length. There are almost 4.9m leasehold homes in England, of which 69% are flats and 31% are houses. Continue reading…
Source : theguardian.com
Read more…What is leasehold, and are there any alternatives?
