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.