The Property Podcast

Last week it was Scotland v England (or Rob D v Rob B) at the Meetups as Rob D ventured to Edinburgh to our brilliant Meetup there, led by Karen & Bill. Rob B took over the helm at the King's Cross Meetup and both locations were very busy.  Rob D spent a bit more time putting the finishing touches to his new book 'How to be a Landlord' but we'll tell you more about that over the next couple of weeks.  Now on to this week's big topic - all about lease hold.  Something that puts some people off - and fear often comes from lack of knowledge. So let's get educated.  What is leasehold?  You don’t own the land - you lease the land for a period of time. At the end of that time it reverts back to the freeholder if you don’t renew Typical lease terms are anything from 100 to 999 years You pay ground rent every year as payment for the lease The lease has conditions about what you can and can’t do Most common for flats, increasingly new build houses too   What you need to know  Lease extension is always p