A recent survey has shown property owners in the UK have a ‘shocking’ lack of understanding of the rules of leaseholds, due primarily to bad conveyancing advice, with over 50% of leaseholders unaware of the rules on leaseholds! Research from law firm Bolt Burdon Kemp claims leaseholders don’t know nearly enough about how leases work, the rules on extension of leases and most disturbingly, the consequences of failing to extend a lease when it has run out. The so-called 80 year rule is relatively unknown, yet critical to household owner’s financial safety; once a property lease falls below 80 years, its […]