What is a leasehold?
A leasehold is a long tenancy. It gives you the right to use and live in your home for a fixed number of years, as a shared owner you are a leaseholder until you own 100% of the shares in your property.
What is a lease?
When you buy your property you become bound by the conditions of the lease. Your solicitor should have given you a copy of your lease when you bought the property and explained your rights and responsibilities, as well as Bolton at Homes rights and responsibilities.
Your lease is an important legal contract so please take time to read it and keep it in a safe place. It is important that you keep to the conditions of your lease
If there is anything in your lease that you don’t understand, you should get independent legal advice
Whilst we have tried to include as much information as possible, we are not able to cover everything that may arise and you may well have queries that are not answered here. If so, please contact us and we will endeavour to help in whatever way possible.
This is just a guide and doesn’t replace your lease. Further information regarding shared ownership leases is available at www.lease-advice.org.