Leasehold ownership is simply a long tenancy, the right to occupation and use of the flat for along period – the 'term' of the lease. The ownership of the flat usually relates to everything within the four walls, including floorboards, and plaster to walls or ceilings, but does not usually include the external or structural walls. The structure of the building and the land it stands on belongs to the landlord (the Council).
A lease is a private contract between the leaseholder and the landlord (the Council). The lease sets out the contractual obligations of the two parties, what the leaseholder has contracted to do and what the landlord (the Council) is bound to do.
The Council is responsible for:
Communal Areas
Structural and Exterior Repairs
The leaseholder will contribute a share of the costs incurred for this work.
The Leaseholder is responsible for:
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