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What is the Difference Between Freehold and Leasehold?

Buying Hints & Tips

Freehold and leasehold refer to different types of ownership on a property. As a general rule, people consider freehold to be superior as it has no restrictions. If you own a freehold property, you will own the building and also the land that it sits on. This ownership is forever and you will be able to pass the property on to other members of your family.

Leasehold ownership means that you own a property but you do not own the land that it sits on. The lease is also only for a certain period of time, often 99 years. When a lease begins to get shorter, the property loses value. If you try to sell a property that only has 10 years left on its lease, it will be much lower in value than a property with an 80-year lease. Flats are usually leasehold, meaning that someone else owns the land and the building.

Property Management In Birmingham

Landlords and Tennants, News

Birmingham property management refers to the operational aspect of real estate consecrated to leasing, managing, marketing and maintenance of the commercial, industrial and residential property. Similar to the role of management in any industry, it involves the processes, systems, and workforce required to manage the life cycle of all acquired property.

The residential tower blocks in the UK have existed since Second World War. The first block – “The Lawn” was constructed in Essex in 1951 and is now a Grade II listed building. After a gap of 30 years, new high-rise flats have cropped up across the country for wealthy professionals rather than the earlier lower classes. To distinguish the contemporary from the classic, the developers market these properties by employing the term ‘apartment buildings.’ Upon the brick and mortar layout, these properties are glass and aluminium clad, and usually taller than their older counterparts. Provincial city centres like Belfast, Birmingham, Cardiff, Glasgow, Leeds, Liverpool, London, Manchester, and Newcastle are constantly witnessing the construction of these apartments. Continue reading →

The Importance of Regular Property Inspections

Landlords and Tennants

Whether you manage a property yourself or you employ an agency to manage your property for you, it’s really important that you ensure your property is inspected on a regular basis. You should probably arrange an inspection every six months to check that everything is as you would expect.

Inspections are very important for you as a landlord. They are your opportunity to look the property over and check that everything looks ok. Look for things like marks on walls, damage to appliances and general cleanliness. These are all good indications of whether your tenants are looking after your property.

Inspections are also important for your tenants, so never neglect them. They will make your tenants feel more secure and happy that you are clearly looking after their home. Make sure to ask them whether everything is ok and to sort any problems they might be having as quickly as you can.

What to do When Tenants Move Out

Landlords and Tennants

Every landlord needs a checklist of things to do when tenants move out. This will help to get the property ready for the next tenants and to make it feel as good as new once again. The tenants will, of course, expect the property to feel like nobody has ever lived there before, so here are some quick things you can do:

  • A new coat of paint will hide a multitude of sins in any part of the home.
  • Replace tiles and grouting. The bathroom and kitchen areas will start to look tired very easily. Some new tiles, grouting and edging will help the space to feel newly refurbished.
  • Clean thoroughly. This needs to be a complete deep clean of every single space within the home. You might well want to employ a professional cleaner to help you. They will be able to use professional products to clean years of dirt in hard to reach places.

Major Benefits and Types of Property Maintenance in UK

Home Improvements, Landlords and Tennants

Your property in the UK is a vital investment that should be protected in the best way possible. Regardless as to whether it is a residential or commercial property, doing the maintenance work offers a lot of benefits. When you make the decision to perform the maintenance work, you can opt to do it by yourself or hire a company to help you in this process. If it is just the simple property maintenance work, you can do it by yourself. However, if it is maintenance that requires complex tasks it is always advisable to choose the best company to work on your project. Before looking at the different types of maintenance work, let us look at the benefits of doing maintenance of your property.  Continue reading →

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