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A Leaseholder is the person named on a lease that they have bought. A lease is a legally binding contract that contains your rights and obligations as a leaseholder and our rights and obligations as the owner of the freehold. Buying a lease buys you the right to live in your home for a fixed number of years. Your lease will state how long this is – in your lease it will be referred to as the ‘term’.

Where irwell valley homes is the freeholder/landlord of your building, we own the building and any shared areas, such as the corridors. We call these communal areas.

As a leaseholder, you are responsible for contributing towards the cost of any repairs or maintenance to the shared areas, and any communal services, for example cleaning shared corridors. We are responsible for repairing the building, internal shared areas and the grounds/gardens. All Leaseholders pay for these repairs and services through service charges.