What does 'Leaseholder' mean when buying a property?
Find out what Leaseholder means when you are buying a property. 'What does Leaseholder mean?' plus over 150 other property related terms and jargon in plain English
A leaseholder is the person who owns a leasehold property.
This means you have a right to live in the property for a number of years specified in the lease but the land the property is built on and the building itself remain the property of the freeholder.
The freeholder is responsible for the upkeep of the building and communal services such as lighting in staircases, maintenance of lifts, etc.
If the freeholder does not want to get involved in the maintenance of the building he or she may well hire the services of a Managing Agent who will do this on their behalf.
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