The leaseholders main obligations

When you sign the lease you agree to:

• Pay the annual ground rent of £10, due on the 1st April promptly and regularly.
• Pay a fair and equal or proportionate share of our running costs for the management, repair and maintenance of the building and shared areas.
• Pay an insurance premium based on the cost of rebuilding your flat and shared areas.
• Repay all or part of the discount you received if you are the first owner of the property and you sell your flat within three or five years of buying it, depending on when your lease was purchased.
• Pay our expenses for any fees or charges we have to pay in connection with your property.
• Maintain, decorate and repair all parts of your home, including all services used solely by your property.
• Pay all taxes and charges due on your property.
• Not cause a nuisance or annoyance to neighbours.
• Use the premises only as a place of residence.
• Provide notice to the Council solicitor in writing (within one month) of any changes in lease ownership, new mortgages or sub-letting of the property.
• To refrain from any action that would make the insurers refuse to pay out on any claim that we may wish to make.

Your entitlements

You are entitled to:

• Exercise your contractual and statutory rights
• Peaceful occupation of your home

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Document Created: 14/09/2009 15:48 , last modified: 16/11/2010 10:33