Why not take part in our garden competition? Find out more about it here...
If you are a leaseholder and would like to have a say in the service you receive from Red Kite, why not think about joining our Leaseholder Interest Group. It's a chance to meet fellow leaseholders and to work with us to develop excellent services. Contact us to find out more.
About your lease
The lease is a legally binding agreement between you and us that sets out rights and obligations for us both. It is usually for 125 years but the number of years remaining will depend on the date the first lease in the building was purchased. We still own the freehold of your property.
The lease defines the flat, any garage and outside store or shed area and sets out any charges. As a part of our lease agreement, we are responsible for the repairs and maintenance of communal areas and home insurance.
Types of lease
1. Long lease at low rent
These leases are usually for flats within a block, or sometimes for flats over a shop or garage. Under this type of lease you will pay the following charges:
- Ground rent
- Buildings insurance premium
- Service charges relating to the block
2. Joint venture or shared ownership lease
These leases allow the buyers to purchase a share of their home and pay the freeholder rent for the rest of its value.