What's included in my lease?

Lease Information

Home Reach uses a government standard shared ownership lease

The lease sets out:

  • A description of the property including its boundaries and a guide to which parts are your responsibility – if a leasehold property, it will also contain any restrictions or obligations flowing from the superior leasehold title, such as the payment of ground rent.

  • The start date, share and length of the lease that you have brought.

  • The amount of rent that you must pay, together with other amounts due under the lease.

  • The rent increase, linked to Retail Price Index plus 0.5% each year.

  • Your responsibilities as a leaseholder, such as all repairs and maintenance of the property and those of heylo as landlord under the lease, such as building insurance arrangements.

  • The method by which you can purchase additional shares to own more of your home in the future.

  • The method by which you can move home, either by selling your share or selling the whole property.

  • Reference to repairs, maintenance and responsibility of the property to be changed to:
    If you have any queries regarding repairs or maintenance not covered by your new build warranty you should contact our Portfolio Team who can provide guidance and assistance; contact details for the team will be included in your welcome letter

Register Interest

Register your interest

Complete the form below to start your registration process

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