Skip to Main Navigation [m]#

Skip to Sub Navigation [n]#

Skip Navigation [s]#

Accessibility Help [0] #

Homepage [1] #

Latest News [2] #

Search Site [4] #

Site Map [3] #

Contact Us [9] #

Derby Homes

# HOME#  | Skip to navigation# | Graphics View#  
#

Leaseholders
Introduction 

Derby Homes’ manages leasehold properties for Derby City Council. These are former tenants who have taken up the option through the Right To Buy Scheme to purchase their flat. Some Leaseholders have also bought their flat on the open market from former tenants who have sold their flat on.

When you purchase a leasehold flat you sign a contract called a lease. The lease explains your rights and responsibilities and the rights and responsibilities of your landlord. You are the leaseholder and Derby City Council is the landlord. Once you are living in the flat you will mostly be contacted by Derby Homes on behalf of Derby City Council.


Read through the ‘Guide to Understanding Leases’# | Graphics View#  

#

Leaseholders
Introduction 

Derby Homes’ manages leasehold properties for Derby City Council. These are former tenants who have taken up the option through the Right To Buy Scheme to purchase their flat. Some Leaseholders have also bought their flat on the open market from former tenants who have sold their flat on.

When you purchase a leasehold flat you sign a contract called a lease. The lease explains your rights and responsibilities and the rights and responsibilities of your landlord. You are the leaseholder and Derby City Council is the landlord. Once you are living in the flat you will mostly be contacted by Derby Homes on behalf of Derby City Council.


Read through the ‘Guide to Understanding Leases’# | Graphics View#  

#

Leaseholders
Introduction 

Derby Homes’ manages leasehold properties for Derby City Council. These are former tenants who have taken up the option through the Right To Buy Scheme to purchase their flat. Some Leaseholders have also bought their flat on the open market from former tenants who have sold their flat on.

When you purchase a leasehold flat you sign a contract called a lease. The lease explains your rights and responsibilities and the rights and responsibilities of your landlord. You are the leaseholder and Derby City Council is the landlord. Once you are living in the flat you will mostly be contacted by Derby Homes on behalf of Derby City Council.


Read through the ‘Guide to Understanding Leases’# #online, or pick up a copy from any local housing office.

Your lease also explains Derby Homes’ policy on:

• nuisance and harassment
• subletting your home, and
• making changes in your home.

Leaseholders

It is a relationship between a Landlord (Derby City Council) and a Tenant or a Leaseholder (the individual) it deals with the legal rights and obligations that arise between two people when they enter into an agreement (the Lease), which, relates to land or property, or both. It is a legally binding document between the two parties. Most leases are held for a term of 125 years.

You should get a solicitor to look at this and explain what it says when you buy the flat, and ask to keep a copy. If you have a mortgage then your lender will keep the original lease. If you need a copy you may be able to get one from your lender, although they may make a charge. Derby Homes can provide you with a copy on request at a cost of £25. Not all leases are the same. Your own lease will give you details that apply to you and your home.

Basic information

This part of your lease may include the:

• name of the previous leaseholder
• name of the landlord
• address of the property
• original purchase price of the property
• conditions under which discount is returnable - applicable only where the first purchaser of the lease is a sitting tenant
• ground rent
• term of the lease - the period of time you agree to lease the property
• service charges information.

The Demise

This part of the lease describes the area of your property - this is called the demise. The lease may include a plan as well as a description of your property. For example, if your property includes a garden, this will be described in the demise. It will also show you which areas you share with other properties, such as a shared entrance hall or stairwell.