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leaseholder
[ lees-hohl-der ]
˜yÐÄvlog History and Origins
Origin of leaseholder1
Example Sentences
The government has passed the Building Safety Act with the aim of moving the cost of resolving safety issues from leaseholders who live in affected buildings to developers.
Like thousands of other leaseholders, they have experienced significant increases in their service charges, particularly since 2019.
Under the leasehold system, third-party landlords known as freeholders own the building and a leaseholder buys the right to occupy a flat within it for a fixed time period.
Some lawyers claim the new law was "rushed" but the government says it covers the majority of leaseholders and it will continue to review the legislation.
Onward Homes says it plans to hold a "thorough tender exercise" for the repairs to get value for money, alongside a "full consultation" with leaseholders before work beings, the spokeswoman said.
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