Leaseholder Information
What is Leasehold?
Leasehold ownership is basically a long tenancy, that is, the
right to occupy your flat for a set period of time (known as
the 'term' of the lease). This period is usually for 125
years and the flat can be bought and sold during the term of the
lease. Bassetlaw District Council remains the landlord of the
flat.
Ownership usually consists of everything within the property
including the floorboards, plastering to the walls and ceilings and
all items that serve the property alone. Your landlord has
responsibility for the maintenance and repair of the building and
owns the structure and communal areas including the land it stands
on.
A1 Housing Bassetlaw Limited manage the flats on behalf
of Bassetlaw District Council.
What is a lease?
A Lease is the legally binding document that sets out the
responsibilities of both the landlord and the
leaseholder. This may include certain conditions on the use
and occupation of the property.
When a lease is sold, the seller assigns all the rights and
responsibilities of the lease to the purchaser together
with any future service charges that have not been identified
and may also include charges due that have not yet been paid.
Thinking of Buying a Leasehold Flat?
If you are considering buying a Council-owned leasehold
flat please ensure that your solicitor explains the details of the
lease clearly. Although we will be pleased to answer any
queries we would always advise you to ensure that you seek
professional, independent advice before you go ahead with the
purchase either on the open market or through the 'Right to
Buy'.
You can also get some general information on the rights and
responsibilities of leaseholders from the Leasehold Advisory
Services.
For more information on long leases please
contact A1 housing using the link
below.