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Leaseholders

Introduction

This information is intended to provide an outline of your rights and responsibilities as a leaseholder and Trident’s rights and responsibilities as a landlord it will also be a useful reference guide. This information should not be taken as a definitive interpretation of your lease or of the relevant legislation. Should you have a query regarding your Lease you should always seek independent legal advice. Trident aims to deliver a efficient and effective service to our Leaseholders.

What is a lease?

A lease is a contract between you the leaseholder and Trident giving conditional ownership for a fixed period of time, i.e. the ‘term’. As a leaseholder, you have rights as well as responsibilities and these are set out in your lease. Not all leases are the same, so there may be times when this information does not provide the answer you require. The lease sets out the contractual obligations of the leaseholder and Trident as landlord. If in doubt you should check your lease.

Common terms used in the lease include:

Leaseholder or lessee: The owner of the property, i.e. flat, maisonette or house.
Demised Premises: The internal shell of the property which you have bought and any out buildings for your own exclusive use, which are specified in your lease.
The common/communal parts: This means the shared parts of the block your property is in, the roof, outside walls, stairs, hallways, landings, shared gardens and services such as sewers, water supply, gutters, downpipes etc.
Covenants: Covenants are things you agree to do when you buy your lease, such as paying your charges, not causing nuisance to neighbours. They are legally binding and if you do not keep to them you will be deemed to have broken the terms of your lease agreement.

What are your Contractual Rights?

You have the right of occupation of the home for the term of the lease. In addition, you have the right to expect Trident to maintain and repair the building and manage the common areas e.g. parts of the building or grounds not specifically granted to the leaseholder but to which there are rights of access, such as the entrance hall and stairs.

To download our guide for leaseholders click here.