Severnside Housing have in the region of 5,300 properties, however we also own the freehold of approx 180 properties, the leases of which were originally purchased under the Right To Buy Scheme
A lease is a right of Ownership for a period of time (often 125 years) and is the method of ownership used for flats.
It is a right which can be sold or passed to heirs. You own the flat for a period of years specified in your lease but you do not own the common part, although you will have rights over them and obligations in respect of them.
For additional information, visit www.lease-advice.org - The Leasehold Advisory Service provides free advice on the law affecting residential long leasehold property and Commonhold