Can anyone advise on this please? We are purchasing a property, c20 years old, built along with a couple of others on what was someone's garden. It is a freehold purchase, but looking at the detail of the pre exchange documents, the property has an 80 year lease of services/facilities which I think means water etc, from the people who originally sold the land. So now the lease is standing at 60 years. I don't believe there's any annual fee for the lease.
This has sent my alarm bells ringing as I have heard of issues with the 'clock' on leasehold properties running down and having to fork out to increase or purchase the freehold. But obviously this isn't exactly that, as it is to do with the services.
Thanks