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What does leasehold mean to me if I'm renting?

I am looking to rent a flat but it says leasehold 125 years remaining, what does this mean to me?

Asked on Dec 27 2009, Renting in Orpington | Report content

Answers (3)

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  • As a tenant the fact the property is leasehold should have absolutely no effect on you. You have the same rights whether you are in a freehold or leasehold property. The only real difference is that the owner may have restrictions within his lease that prohibits them from renting the property but this is not that usual and is up to them to ensure they are allowed to rent it.

    Answered on Dec 29 2009, Report content
  • Nothing to worry about from a prospective tenants point of view it does not affect anything at all.

    Answered on Feb 22 2010, Report content
  • You do not need to worry about it at all. Under Section 11 of the Landlord & Tenant Act 1985 the landlord is responsible for the maintenance fees etc. You may need to bear in mind possible restrictions imposed by the lease eg relating to pets, noise, communal areas, satellite dishes etc... But normally these will be covered in your tenancy agreement anyway.

    Answered on Apr 8 2010, Report content

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