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Wednesday, 11 May 2016

13 leaseholder rights

If you own or plan on owning a leasehold property it is important that you understand the legal nature of this type of property ownership.

The ownership of a leasehold property is very different to owning the freehold, as our article ‘The difference between leasehold & freehold’ explains in detail. This article will focus on your rights as a leaseholder, which should be outlined in your leasehold contract with the landlord. 

One of your simplest rights is that you will have the right to peaceful occupation of the property for the duration of the lease, called ‘quiet enjoyment’. Contractually, you also have the right to expect the freeholder to maintain, repair and manage any shared parts of the building. Shared areas are parts of the property that you do not own as part of your lease but have the right to access. Shared parts of the building are likely to include the exterior of the property, the entrance hall and staircases. There are many other rights that the leaseholder has and should be aware of.