Buy-to-let
QA Bronze Listing renewed to Gold
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In the case of leasehold flats, whilst you own the flat, the freeholder will usually be responsible for insuring and maintaining the building – including any communal areas – and you will be asked to pay a service charge to cover your share of these costs. This can vary depending on what needs to be done, and, in addition, you may be asked to contribute to a reserve or sinking fund to cover any major works.
Services
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Additional details
Owners of leasehold properties are also usually charged ground rent, payable to the freeholder and subject to change, although leases granted after June 30, 2022, must be capped at a ‘peppercorn’ amount.
QA Bronze Listing renewed to Gold
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