Should I buy Leasehold Property
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Should I buy Leasehold Property?
Present property law in England and Wales effectively demands that most flats be leasehold.
Currently, leasehold flats are usually preferable to other forms of freehold flats where similar rights and obligations as found in a leasehold may not exist and enforceability between flat owners can become difficult as there is no separate landlord.
Should you be considering buying a flat, then a leasehold ought not to be a concern as long as you know and appreciate your rights and obligations.
Given that you have a well-written lease as well as a properly managed building, a leasehold flat ought to provide a perfectly good home for occupants, as well as being a secure investment.
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