When it comes to the sale or purchase of freehold and leasehold properties, you need a conveyancing solicitor that you can rely on to understand the intricacies of completing these often complex transactions.
What is a freehold?
A freehold is one of the two types of property ownership in the UK whereby the freeholder owns both the building and the land. As a freeholder, it is your responsibility to maintain the fabric of the building.
What is a leasehold?
A leasehold is where the the freeholder has entered into a lease agreement with a leaseholder, who has the right to live in and use the property for the time specified in the agreement. This is usually a long term contract (90+ years), but can be shorter. The responsibilities of each party are set out in the lease agreement.
If you’re looking to sell or purchase a leasehold or freehold property, speak to an expert within our conveyancing team today.