We know that buying or selling a flat or apartment can be stressful. However, when it comes to leasehold property, it is essential to get an experienced solicitor. At Banner Jones, we've helped thousands to sell their leasehold properties ranging from a variety of different circumstances.
What is a leasehold property?
A leasehold property is where you buy the property for a certain period of time (as set out in the lease), and you don’t own the land associated with the property. You'll have a legal agreement, a 'lease', between you as the 'leaseholder' and the 'landlord', also known as the "freeholder". Most commonly, flats and apartments are leasehold properties.
Leasehold conveyancing is generally more time-consuming because of the additional work involved in understanding and reviewing the terms and conditions of the lease from the freeholder or landlord.