Leaseholders buy the right to live in a property for a fixed number of years. At the end of the lease, ownership of the property returns to your landlord; unless you apply to extend the lease or in the case of shared owners in houses, purchase 100% of the property and obtain the freehold.
With the freedom and independence of being a leaseholder, comes additional responsibilities. Your lease agreement sets out your rights and obligations in full. A copy of the lease should have been given to you by your solicitor when you purchased your property. Your solicitor should have also explained the main provisions of the lease.
If you are a shared owner, you can find additional information on the shared ownership lease agreements page.
This guide is only a summary of your lease. Your lease is a legally binding document and along with any other relevant legislation, takes precedence over the information contained in this guide.
Your lease is the legal contract between you and your landlord. It is a very important document that describes the property you live in and the surrounding estate (if applicable). The lease gives you rights over the land and/or buildings for a set period of time. When this period of time expires, these rights and the property revert back to the landlord unless you successfully apply for a lease extension or purchase the freehold.
Below, we outline some of the key elements common to leases of Orbit properties:
Your lease is divided into schedules and these outline the conditions or responsibilities applicable to you as the lessee and to Orbit as the lessor or landlord.
Please remember that while we are responsible for arranging and carrying out repairs, upkeep and management of your building and estate; you are responsible for paying your share of the costs incurred. We recoup these costs through your service charge. You should not undertake any repairs or maintenance to the areas for which we are responsible. Please contact us if you think work is needed.
In addition to the above, each lease typically contains rules and regulations on the following:
Rules and Regulations are reviewed from time to time to ensure that similar regulations apply to both leaseholders and tenants living on the same estate.
A copy of the current rules and regulations applicable to your lease can be obtained from the Leasehold Team.
As well as responsibilities, you have rights, which are included in the lease. Your main rights are:
Leaseholders have additional rights under the Commonhold and Leasehold Reform Act 2002:
We also have rights under the lease. Some of these rights are: