Welcome to Kemp & Kemp Residential | Go to Kemp & Kemp Property Consultants
Choose
Price
Show results
Use Advanced Search to search for a type of property, local schools & transport links.
A freehold gives the buyer complete ownership of the land and buildings upon it. Freeholders can therefore do what they like with their property and land, subject to general law (particularly planning control) and to the lawful rights of others.
A leasehold property is one where the property has been leased from the freeholder for a specified period of time. The lease sets out the terms and conditions for the leaseholder, and repairs etc become the responsibility of the leaseholder.
Residential leases can either be short term (typically six months or one year) or long term. A long term lease can extend as long as 999 years. The length of the lease will affect the value of a property. If it is a short lease or anything much less than 60 years, this may be reflected in the price. This means that some short term leases can be seen as very good value.
Long leaseholders may have the opportunity to extend the length of a lease or to purchase freeholds. The process is known as 'enfranchisement'.
Kemp & Kemp Residential are very happy to advise on individual cases.