What role does the Leasehold Advisory Service serve?

Prepare for the TPI Leasehold Management Level 3 Test. Use flashcards and multiple choice questions, each with hints and explanations. Ace your exam!

The Leasehold Advisory Service plays a crucial role in supporting leaseholders regarding their rights and responsibilities. This service offers guidance and information on various aspects of leasehold ownership, including lease terms, service charges, and the processes involved in extending leases or collective enfranchisement. By educating leaseholders about their legal rights, the service empowers them to make informed decisions and effectively navigate potential issues that may arise with their leases.

In contrast, the other options focus on services primarily oriented towards landlords or market evaluations, which are outside the core function of the Leasehold Advisory Service. The service does not advise landlords or negotiate leases, nor does it conduct property market evaluations. Its central mission is to safeguard and advocate for leaseholders, ensuring they have access to necessary resources and knowledge.

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