Sep

Ground rent increases on leasehold apartment?

admin

Dear All, I purchased an apartment in 2011 and it has ground rent charges of £500 p.a. for the apartment and £250 p.a. for the car parking space (which is in a separate building to the apartment).

In my lease it indicates that the ground rent is reviewed every 10 years and a variable factor (it is complicated how they calculate it) is applied to determine the ground rent for the next 10 years.

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