Leaseholders

Severnside own the freehold of around 188 properties, the leases of which were originally purchased under the government’s 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 that leaseholders can sell or pass to their heirs. Leaseholders own the flat for a period of years specified in the lease, but do not own the common part, although leaseholders will have rights over them and obligations in respect of them.

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