Can more than one person purchase a lease? | Frequently asked questions

Can more than one person purchase a lease?

Two or more adults can hold a joint lease. You are a joint leaseholder if you bought your home with another adult and both of you signed the lease. In this case you would also need a joint mortgage if required. The rights, responsibilities and other conditions contained in the lease apply to each of the joint leaseholders equally.

You will also need a solicitor to deal with the transfer of the lease. You will have to pay all the legal costs.