Leasehold management

Leasehold management refers to the administration of properties that are leased rather than owned outright. In this arrangement, a person (the leaseholder) pays for the right to use a property for a specific period while the actual ownership remains with another party (the freeholder). Management responsibilities include maintaining the property, collecting ground rents, ensuring compliance with lease terms, and addressing any disputes. Effective leasehold management is crucial for safeguarding the interests of both leaseholders and freeholders, ensuring that the property remains well-maintained and its value is preserved over time.