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A home of your own

We'll guide you if you need help extending your lease, seeking independent advice and more

For homeowners

As a homeowner you have certain rights and responsibilities which are set out in your lease and resident handbook. 

What is a lease?

When you bought a Shared Ownership or other leasehold property through us, you purchased a (residential) lease.

A lease is a tenancy agreement for a term of 21 years or more. It grants you, the leaseholder, the exclusive right to occupy a property for a set term, which is usually 99 or 125 years. This gives you more security of tenure than renting privately on a standard tenancy.

As a homeowner, you don't own the building in which your flat is located. This is owned by the landlord, or freeholder. In most cases this is NHH, with some exceptions.

Your rights and responsibilities

Your property management officer (PMO) can help you to understand the type of lease you have and the terms and conditions of your lease, however it is your responsibility to make sure you understand and comply with these terms and conditions.

If you breach the terms of your lease, we may take legal action against you, if necessary. In the most serious of cases, this may result in your lease being forfeited and the property repossessed.

Got questions?

We'll guide you if you need help staircasingextending your lease, seeking independent advice and more. Don't hesitate to get in touch with your PMO with any questions.