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Do I need a structural survey on a leasehold flat?

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  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    edited 6 June 2014 at 10:01AM
    AndyGuil wrote: »
    They each own their flat which includes that part of the building. The freeholder only owns the land when there is a leasehold.
    Generally the leaseholder only "owns" as far as the plaster.
    I fact the leaseholder owns nothing. What they have bought is a right to occupy. In effect just a long term rental paid up front.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 6 June 2014 at 10:06AM
    Bantex wrote: »
    Generally the leaseholder only "owns" as far as the plaster. I fact the leaseholder owns nothing. What they have bought is a right to occupy. In effect just a long term rental paid up front.

    The leaseholder owns more than that. http://www.which.co.uk/money/mortgages-and-property/guides/buying-leasehold-vs-freehold/buying-a-leasehold-property/

    It is nothing like renting. It is ownership.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    AndyGuil wrote: »
    The leaseholder owns more than that. http://www.which.co.uk/money/mortgages-and-property/guides/buying-leasehold-vs-freehold/buying-a-leasehold-property/

    It is nothing like renting. It is ownership.
    The article says nothing about ownership of the propeerty. A lease is a form of long term rental - no more - no less.

    You are not buying a property, you are buying a lease.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Bantex wrote: »
    The article says nothing about ownership. A lease is a form of long term rental - no more - no less.

    You are not buying a property, you are buying a lease.

    First sentence "As a leaseholder, you own the property, but not the land it stands on."

    Leasehold is a form of ownership and not rental. https://www.gov.uk/leasehold-property/overview


    The freeholder only owns the land.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    AndyGuil wrote: »
    First sentence "As a leaseholder, you own the property, but not the land it stands on."

    Leasehold is a form of ownership and not rental. https://www.gov.uk/leasehold-property/overview


    The freeholder only owns the land.
    If you say so.

    If you lease in a 3 storey block of flats, which bit do you think you own?
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    Bantex wrote: »
    If you say so.

    If you lease in a 3 storey block of flats, which bit do you think you own?

    As I currently have a leasehold purchase contract to hand I can refer to that. It highlights the portion of the property owned is referred to on the land registry document and accompanying map. This shows ownership of the portion of the property associated with the property address.
  • Bantex_2
    Bantex_2 Posts: 3,317 Forumite
    AndyGuil wrote: »
    As I currently have a leasehold purchase contract to hand I can refer to that. It highlights the portion of the property owned is referred to on the land registry document and accompanying map. This shows ownership of the portion of the property associated with the property address.

    Think you will find it refers to no more than space, not structure.
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    edited 6 June 2014 at 12:33PM
    Bantex wrote: »
    Think you will find it refers to no more than space, not structure.

    There are two parts to ownership the land and the property. In this instance the land is owned by the freeholder and the property the leaseholder. The leaseholder has responsibility and ownership of the building and must pay for its up keep for the duration of the lease or period of ownership. Ownership of land and estate as defined by the title deeds.
  • propertyman
    propertyman Posts: 2,922 Forumite
    Andy don't be an idiot. In the case of ahouse the entire property may be demised under the lease, but as in my post, most flats stop at the plaster, an eggshell. The exterior and structure is owned by the landlord. In some case a flat may include the exterior wall or roof or foundations adjacent to it, but are relatively rare.

    leasehold are a tenancy fee simple in possession for a term of years certain, eg a 99 year lease, and must have a rent, even if just a peppercorn.

    i go with the lpa 1925, not which. , :)
    Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
    Actively hunting down the person who invented the imaginary tenure, "share freehold";
    if you can show me one I will produce my daughter's unicorn
  • AndyGuil
    AndyGuil Posts: 1,668 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    The only thing the freeholder owns is the land. Even then that is technically owned by the Queen. :D
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