Leaseholders

Your lease

Your lease is a complex legal document. It is a contract between you and Newydd Housing Association that sets out both parties’ rights and obligations and the procedures you must follow if for example you wish to sell your home, sublet it or make improvements.

Your lease is a type of tenancy that allows you to live in your home for a set period of time. This is often 125 years from the date of the first sale and is known as the term.

If you bought your home on the open market the seller will have transferred all the terms and conditions to you as part of the sale process.