Sentinel now has around 800 leaseholders and we are committed to providing them with a good quality service.
How long is the lease?
Leasehold means that unlike tenants of houses or bungalows (who can buy the freehold of their home), they can purchase the leasehold of their home. Normally we will grant a long "lease" of 125 years.
As a leaseholder you do not own the structure or exterior of your home as it forms part of the block of flats or maisonettes. The ownership of the block remains with us. To contribute towards the upkeep of the block a Leaseholder pays an annual sum to Sentinel. This is called a service charge and varies every year.
What about maintenance?
For the period of the Lease, the interior of your property is the Leaseholders responsibility. It is important that you make yourself familiar with the Lease, which was given to your solicitor when you completed the purchase of your home. If you have a mortgage, then your Lease may be held by the mortgage company.