Leasehold and Shared Ownership

This course provides an understanding of the characteristics of shared ownership within the general context of leasehold law and practice. It will also explore the rights of those who are leaseholders/shared owners, how leases are lost and practical issues for those who manage leasehold/shared ownership properties.

Course contains

  • Characteristics of long leases
  • Terms typically found in leases and how problems can arise
  • The rights and obligations that leaseholders have with regard to service charges, major works, and consultation and to be charged only in accordance with the lease
  • Differences between shared ownership and ‘traditional leasehold’
  • Good practice in calculating service charges, the management of sinking funds, depreciation charges and refunds when estimates overstate expenditure
  • How leaseholders might be able to challenge the reasonableness of their service charges
  • Dealing with service charge complaints more effectively
  • Options for how best to deal with rent and service charge arrears
  • The role of the First-tier tribunal (property chamber).

Learning outcomes

After attending this seminar, you will be able to:

  • Describe the characteristics of long leases
  • State what terms are typically found in leases and how problems can arise
  • Explain the rights and obligations that leaseholders have with regards to service charges, major works, and consultation and to be charged only in accordance with the lease
  • Understand the differences between Shared Ownership and ‘traditional lease’
  • Appreciate good practice in calculating service charges, the management of sinking funds, depreciation charges and refunds when estimates overstate expenditure
  • Assess when leaseholders might be able to challenge the reasonableness of their service charges
  • Deal with service charge complaints more effectively
  • Recognise how best to deal with rent and service charge arrears
  • Understand the role of the First-tier tribunal (property chamber).
  • Suitable for

    Frontline housing staff and housing managers; staff responsible for developing leaseholder/shared ownership policies and advisers.

CPD hours 5