There are no legal rights you will have around this either. By 2079, even though you may have paid your house repayments outright, the property’s ownership would revert to your landlord. This will therefore mean ownership of the land and building will go back to the freeholder.įor example, if you had another sixty years left on the lease of your property in 2019. If the leasehold of your property does expire, then the property will revert ‘back’ to being a freehold instead of a leasehold. When reading the Leasehold title you can find the term that the lease expires underneath the sentence that should read something along the lines of "under which the land is held:" This will clearly tell you how long is left. If you're a buyer, then typically the estate agent should be able to tell you how long as they will have access to the lease title.Īnother option is to look at the Land Rigstery, which for a charge of £7 you can get a copy of the Leasehold Title. There's a few ways that you can find out how long is left on a lease. How do you find out how long a lease is left? Looking to sell a leasehold property, we'll buy it! So, even thought you will have a house repayments for the property, you will still have to pay rent. Additionally, the freeholder will receive ground rent from the leaseholder (which would be you) every month. The freeholder (another word for the landlord) will own the property and the land it sits on. You may be paying for a house repayments and have the bills to show for it, but essentially you are leasing the property. Meaning you have to pay to maintain the property and so on.Įven though you will have bought the property, a leasehold basically means you still have a landlord. A freehold is when you solely own the property. When buying a property, it will either be known as a freehold or a leasehold.