Leaseholders and shared owners


If you are a leaseholder, you have bought the right to live in your property for the fixed number of years detailed in your lease. The lease is a binding legal contract setting out your rights as a leaseholder and our rights as the freeholder.

We will manage the block in which you own a flat and charge you – and the other leaseholders who live there – a fair proportion of these costs through an annual service charge. You can learn more about this in the Service charges – tenants’ rights and obligations leaflet held in the ‘Library‘.

If you are a leaseholder, you should read the list of your rights and responsibilities.

Shared owners

Shared Ownership is a great way to work towards buying your own home outright. If you have regular income but cannot afford current house prices, Shared Ownership could give you a head-start. Priority is usually given to those in housing need and a local connection with the area is sometimes needed.

Under this arrangement, you buy a share of the property (usually with a mortgage) and rent the remaining share from us, paying an affordable rent to cover it. Your aim should be to gradually increase the share you own until you have bought the whole property. This is known as ‘staircasing’.

If you are already a shared owner, you should read the list of your rights and responsibilities.

If you’re interested in the opportunities of Shared Ownership, our properties are sold by

You’ll find more details about this, plus further information about what’s involved, in the section under ‘Find a home‘. We also have a useful leaflet, A guide to Shared Ownership, saved in the ‘Library’.


If you are a leaseholder or a Shared Owner, your buildings insurance is provided by Two Rivers Housing. This certificate tells you what is covered, how to make a claim and any excess payment you may be required to pay.