The Benefits of Leasehold Property Ownership

By Melanie Groarke, Client Services Executive at TMT Legal Services.

Owning a Leasehold property comes with a host of benefits that can make it an attractive and rewarding choice, especially for First-Time Buyers or those looking for a low-maintenance lifestyle.

One of the key advantages is affordability. Leasehold properties, especially apartments or flats, often come at a lower purchase price compared to Freehold homes. This makes them more accessible for Buyers entering the property market or for those who prefer city living without stretching their budget.

Maintenance and upkeep are also simplified. In many Leasehold arrangements, the Freeholder or Managing Agent takes care of communal areas, exterior maintenance, and structural repairs. This means less hassle for the Leaseholder, who can enjoy the comfort of their home without worrying about mowing lawns or fixing roofs.

Location is another strong point. Leasehold properties are commonly found in prime urban areas often with some scenic views. This allows Buyers to enjoy vibrant city life, excellent public transport links, and local amenities right on their doorstep.

Leasehold properties can be a good investment, they are often in busy city areas where rental demand is high, which can help you earn steady income and see your property value grow over time.

For those who value community living, Leasehold properties especially in managed buildings offer enhanced security, shared facilities, and a sense of belonging among neighbours (think Joey and Chandler, Monica and Rachel)!

Finally, Leaseholds are becoming increasingly flexible. Many Leases are long-term (often 99 years or more), and legislation in is improving to protect Leaseholders’ rights.

In short, Leasehold properties offer a fantastic combination of convenience, affordability, and location. With the right Lease and a clear understanding of the terms, Leasehold ownership can be a smart and enjoyable path to property ownership.

Use your local Estate Agents, they have the expertise and knowledge of Leasehold Properties and will help you to find a home that is right for you.

We have a Team of Leasehold Experts at TMT Legal Services who will guide you through the conveyancing process. Get in touch with us today to see how we can help you: Pop into one of our welcoming offices in Hythe, Chandlers Ford and Horsham. Contact our friendly Client Services Team on enquiry@tmtlegalservices.co.uk or 0333 188 4758.