Some of the words used in legal documents can be a bit baffling, This is what things mean.
Assignment: The transfer of a property from one person to another.
Completion Date: The date a property transfers to the person buying it.
Counterpart Lease: A copy of the lease.
Covenants: Legally binding obligations and responsibilities.
Freeholder: Ongo Homes which owns the land that your home is on.
Landlord/Lessor: Ongo Homes which owns the block your home belongs to.
Lease: This is the legal document which creates the leasehold and it contains all the rights and responsibilities of the landlord and the leaseholder. It’s a contract between you and us.
Leaseholder or Lessee: The person whose name is on the lease agreement.
Page last updated: 18 December 2015
Staff and tenants from Market Hill, Scunthorpe have raised over £2,200 for charity during the last year. [read more]