What happens when the leasehold expires on a flat you have bought?

Answer 1

You apply to the leaseholder for an extension on the lease,preferably before it runs out.

Answer 2

"Leasehold and bought" in your question seems to be on conflict with each other. You might think about resubmitting your question.

That said, you could have purchased a leasehold that had an expressed life span. In that case, you'll need to ask the seller of the leasehold you bought what your next step should be if you wish to continue using your leasehold.

Read your leasehold/purchase agreement NOW! You may have to seek legal council regarding the law in your town or city.

Answer 3

Your Q is unclear (at least to a Yank). Have you bought a flat subject to an underlying leasehold or a flat leased to someone else?

Answer 4

Well, theoretically, you should leave the flat so that the landlord can regain possession.

However, in practice in England or Wales, you would probably be able to extend the lease if you fulfil the criteria.

Have a look here for more information:
http://www.leaseholdadvicecentre.co.uk/Lease%20Extension.htm

Answer 5

No you become a Stautory Tenant if it's your main residenc.

Answer 6

You get chucked out into the street !