A lease is a legally binding contract between you and us.
A shared ownership lease usually lasts for 99 or 125 years from the date the first person bought a share in the home. The home can be bought or sold during that time and the length of the lease decreases. So if the home is sold to a new shared owner, the lease is then assigned to the new owner; a new lease is not created.
Shared owner leases are complex documents. You will have had the chance to read it before signing and your solicitor should have explained the terms and responsibilities you have agreed to. Please check with your solicitor or legal representative if you're not sure about anything.
Rights and responsibilities
Extending your lease
Transferring your lease
Buying more shares (staircasing)
Selling your home
Making changes to your home
Subletting and lodgers
Keeping a pet
Buildings insurance
Different types of lease
New Model Shared Ownership Lease
Grant-funded shared ownership homes delivered through the Affordable Homes Programme, built between 2021 and 2026
Traditional / standard shared ownership lease
Homes built before 2021 generally have this type of lease