Selling a Leasehold Property

Selling a leasehold property can be straightforward, but it often involves more preparation than a freehold sale. The extra paperwork and third parties can affect timescales if they are not handled early.

This guide is based on what we see day to day when selling leasehold homes across Hemel Hempstead and Hertfordshire.

Understanding your lease

Buyers and lenders will want to understand the remaining lease length, ground rent and service charges. If the lease is shorter or the costs are higher than expected, this can influence demand and value.

Management packs and information

Most leasehold sales require a management information pack. This is usually provided by the freeholder or managing agent and can take time to obtain.

Ordering this early helps prevent delays once a buyer is found.

Service charges and planned works

Buyers will want clarity on current service charges and any major works planned. Transparency builds confidence and reduces the risk of renegotiation later.

Lease length and extensions

If the lease length is approaching levels that concern lenders, you may need to consider a lease extension. In some cases this can be started before marketing or negotiated as part of the sale.

Pricing realistically

Leasehold properties are judged differently to freeholds. Condition, lease terms and ongoing costs all play a role in how buyers perceive value.

Local pricing advice helps position the property correctly from the outset.

Why preparation matters

Well prepared leasehold sales tend to progress more smoothly. Buyers feel reassured when information is available early and questions are answered clearly.

Download the full guide

Our detailed guide explains exactly what documents you will need, when to request them and how to avoid common leasehold selling delays.