If you live in a flat, chances are you're one of the millions of people in England and Wales who holds a leasehold. This means that while you can own and occupy the property, you'll have to pay the freeholder (the owner of the land) regular ground rent and service charges for the privilege.
If you want to extend the lease, this also has to go through the freeholder and can prove expensive. If you and your neighbours hold the freehold, extending the lease could even be free. But how do you go about it? This guide aims to clear that up and more.