Your lease gives you the right to use and live in your home for a set period of time. This is known as the ‘term’ of the lease. The association owns the freehold of the building and, in most cases, the land that it's built on.
As the shared owner and occupier you have full responsibility for the property as defined in the lease.
The lease states your rights and responsibilities as the leaseholder, and our rights and responsibilities as your landlord. We’ve summarised the main points below. This is for guidance only and you must always refer to your lease for comprehensive details.
Here are some of your main rights and responsibilities as a shared owner. You'll find a full list in your lease document.
You agree to:
- pay your rent on time
- pay the service charge (if applicable) on time
- contribute towards costs of major works to communal areas if required
- keep your home and garden in a good state of repair and carry out your own repairs
- not do anything that may adversely affect the buildings insurance policy
- arrange your own contents insurance
- ask our permission if you want to carry out any alterations or additions, except usual decoration, to your home
- not sell your home without our prior written permission
- allow us, with prior notice, to inspect the condition of your home
- not cause a nuisance or annoyance to neighbours
- abide to any restrictive covenants (for example, parking or signage restrictions.
Please note: there are more clauses in your lease and you should ask your solicitor or legal representative to go through it with you.
You may also be interested in
We agree to:
- allow you to live in your home without interference (unless you breach the terms and conditions of the lease)
- insure the building (but not its contents)
- not sell our interest in your home without your consent
- maintain communal areas.
Please note: there are more clauses in your lease and you should get your solicitor or legal representative to go through it with you.
Please note that there are more clauses in your lease.
You should ask your solicitor or legal representative to check it with you if you’re not sure about anything.
You can also get advice from the Leasehold Advisory Service, an independent, free advice service for leaseholders.