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If you’re house hunting in Guildford or elsewhere, you’ve probably noticed that property descriptions include either the word “freehold” or “leasehold.” It’s easy to ignore this information in favour of details on price and size, but in fact it’s very important to understand the difference between freehold and leasehold. Above all, it can affect your monthly outgoings and how easily you can sell the property in the future.

Council tax is one of the highest taxes people in the UK have to pay, and failing to pay it when it is your responsibility results in penalties. That’s why it’s very important for tenants to understand whether or not they or the landlord have the responsibility for paying council tax. Paying council tax usually falls to the person or people who live in the property, but there are exceptions. Let’s take a closer look…