Glossary · GB
Leasehold
A form of property ownership where the buyer acquires the right to occupy a property for the remaining term of a lease granted by the freeholder.
Belgrave in London
Need help with this?
- A London buying agent who works only for youStart my property search
- Buy a home in London without being in LondonStart my London search
- Buy a London new build with someone checking the detailsCompare new developments
- Find the right London family home, without giving up your weekendsStart my family home search
Around this term
Related terms.
Freehold
Outright ownership of a property and the land on which it stands for an unlimited period, generally providing the fullest form of property ownership.
Ground Rent
A payment historically made by a leaseholder to the freeholder under the terms of a lease. Residential ground rents in England and Wales are subject to statutory restrictions.
Lease Extension
The process of extending the remaining term of a residential lease. Lease length can affect a property's value, mortgageability and saleability.
Service Charge
A charge paid by leaseholders towards the costs of maintaining, repairing, managing and insuring communal parts of a residential building or estate.
Share of Freehold
An arrangement where leaseholders collectively own the freehold of the building containing their flats, usually through a company or jointly registered ownership.
Additional Property Surcharge
An additional SDLT charge that can apply when an individual purchases an additional residential property, subject to the applicable rules and exemptions.
Ready when you are
Need this term applied to a real deal?
A senior advisor will walk you through how it shows up in your engagement letter or contract.
- No obligation, ever
- A personal reply within one working day
- One named senior partner throughout
Private and discreet. Your details are never sold, shared or added to a marketing list.