WebJan 5, 2009 · The freeholder must formally demand the ground rent from each of the lessees and the same can be backdated 6 years. Check your Service Charge accounts to see that you are not being charged twice. On certain developments it is not unknown for the freeholders to collect the ground rent and insurance premiums from the lessees and … WebOct 13, 2024 · Ground rent is literally the charge for renting out the land from the freeholder, it doesn’t include any extra services. Usually, if you’re paying ground rent as a leaseholder, you will also be paying annual service charges. This is generally a flat fee charged by a management company – on behalf of the freeholder.

Leasehold service charges explained - Shelter England

WebGround Rent; Houses - Buying the Freehold and Lease Extension; Houses - General Issues; Insurance; ... How do I find out who my freeholder is? Read More . FAQ ... Read … WebMar 30, 2024 · Ground rent is an annual fee that is paid by the leaseholder to the freeholder or landlord for the use of the land on which the property is built. The problem, … eastern painted turtle as a pet

Why are increased ground rents such an issue for leaseholders?

WebJan 8, 2024 · However, the news I have received today has really been the last straw. Apparently Santander have now declined the mortgage on the property due to the ground rent increase. In the Lease document, it states that ground rent doubles every 25 years or increases by 0.3% of the market value. There are 93 years left on the lease and the next … WebMar 8, 2024 · A doubling ground rent is a clause that states that the ground rent will double at regular intervals throughout the lease term. For example, your annual ground rent fee may be £100 and double at 10-year intervals. 1-10 years – £100 per annum. 11-20 … WebDec 3, 2024 · The lease states that the annual ground rent payable (to the freeholder) per. flat is £25 per year. This figure has stayed the same for over 40 years. The lease says … eastern painted turtle food