Your Rights and Responsibilities
As a purchaser of a leasehold property it is in your own interest to understand the legal framework of leasehold ownership. This section is an introduction but it is not a substitute for reading your lease or for obtaining legal advice.
Your rights as a leaseholder
Your rights are explained in your lease. They will vary slightly between different developments but first and foremost you have the right of peaceful occupation of your property for the term of the lease. In addition you have right of access to common parts of the building and grounds. You have the right to sell your property, although some developments have restrictions on the amount you can ask and who you can sell to. If you are in doubt please contact email@example.com.
You also have the right to be consulted about certain decisions that Colne makes, particularly about repairs and maintenance.
Your responsibilities as a leaseholder
As a leaseholder you have a responsibility to pay your share of the costs associated with maintaining your property and common parts. This is usually through payment of the service charge. As with any other type of property ownership you have a responsibility to act with consideration towards your neighbours. We will try to help if a neighbour causes a nuisance to you. You are responsible for the decoration inside your property. More details and other responsibilities will be listed in your lease.
Failure to fulfil your responsibilities as a leaseholder could result in legal action being taken against you by Colne.