Frequently Asked Questions

Whether you have queries relating to property auctions or you’re finding lease contracts difficult to understand, our Frequently Asked Questions section is designed to shed more light on common questions.

What is Leasehold?

A leasehold property is rented from the freeholder for fixed time period, providing the leaseholder with a temporary right to occupy the land or property. A common example of a leasehold property is a flat where the tenant effectively owns the property for a fixed term but not the land on which it stands. When the lease expires, ownership of the property reverts back to the freeholder. Most flats are owned leasehold, particularly in London, whereas in Scotland there are very few leasehold properties.