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MRT 1 · Lease Granted Property
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Lease Granted Property

Ground rent, service charges, minimum lease length for mortgages, and the right to extend.

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Lease Granted Property

Leasehold ownership gives the right to use a property for a fixed term. The freeholder retains ultimate ownership of the land.

Question 3

True or false?

Leasehold ownership gives the right to use a property for a fixed term

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Key points

Question 5

Which term matches: "Originally granted for a set number of years (e.g. 99, 125, 999 years)"

Question 6

What does "Short lease risk" mean?

Question 7

Type the term that means: "Originally granted for a set number of years (e.g. 99, 125, 999 years)"

Question 8

Match each term in "Key points" to its meaning

Tap a term, then tap its matching definition.

Question 9

Fill in the blank

______ — Covers building insurance, maintenance, management

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Key figures

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What the exam tests

Ground rent, service charges, minimum lease length for mortgages, and the right to extend.

Question 12

True or false?

Ground rent, service charges, minimum lease length for mortgages, and the right to extend