The terms “freeholder” and “leaseholder” refer to the owners of both freehold and leasehold properties respectively.
In The Oxford English Dictionary, the rather unique term, “peppercorn rent” is defined as “a low or minimal rent”. However, what is considered low or minimal can vary greatly. And where does the idea of a ‘peppercorn’ even come from anyway?
The deferment rate is a key factor in calculating the premium a flat owner must pay their landlord for a lease extension or a share of freehold and it is likely that the long-established approach will soon be up for review. If you are not certain if this affects you, think again. The residential property […]
Service charges can be a contentious subject, especially if leaseholders aren’t aware of their legal rights. So, understanding what they must do, and what protection they have, in the face of paying service charges, is important for all tenants.
When landlords or freehold owners want to carry out qualifying works to their freehold property, a piece of legislation must be issued that ensures the work is carried out lawfully and with leaseholder permission.
When trying to buy the freehold of their building, qualifying tenants may come across something called the right of first refusal. Freehold right of first refusal applies directly to the immediate landlord, and is written into the Landlord and Tenant Act of 1987.
When perusing property, many people come across terms like “share of the freehold” but aren’t sure exactly what a share of the freehold means.