ground rent


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ground rent

The rent paid under a ground lease.

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The problem of reviewable ground rents on housing developments was illustrated locally in the last couple of years by the case of the Elba estate in Swansea.
New rules on leaseholds must apply in Wales; ADVERTISEMENT FEATURE Adrian James, partner and head of office at the Cardiff office of Bruton Knowles looks at why any new rules on leasehold properties must be applied in Wales
"There are no service charges and residents will not face an increase in ground rent.
Our homes have been sold from under our feet - and it's costing us thousands; SPECIAL REPORT: FAMILIES SUFFER AS INVESTORS SNAP UP 'AFFORDABLE' HOUSES
that six years after purchasing her home she discovered her ground rent fee would double every decade instead of every 25 years, as she had previously been informed by her conveyancer.
The great leasehold rip off - how firms are cashing in on housebuyers with hidden charges that DOUBLE every decade; In some cases, freeholders are slapping buyers with outrageous fees to make amends to their own homes -- i.e. [pounds sterling]252 to own a pet or [pounds sterling]60 to put up a doorbell
These days ground rent is only payable if the landlord sends you a bill.
Expert advice on your legal problems
Communities Secretary, Sajid Javid said: Its clear that far too many new houses are being built and sold as leaseholds, exploiting home buyers with unfair agreements and spiraling ground rents. Enough is enough.
United Kingdom : Crackdown on unfair leasehold practices
"Our ground rents business is completely transparent and investors receive an exact picture of the health of the business they are investing in."
Homes offer 'stable, high-quality cash'
Many are occupied by tenants on long-term leases and are "ground rents", meaning the council only owns the land.
Council considering big property sell-off; City-centre shops, hotels and pubs could be put on market
Auctioneer Stuart Tullah commented that freehold ground rents, life tenancy investments and garage blocks, are seen by many as a safe income producing haven in uncertain economic times.
Sales success at recent auction
Your solicitor can also check the seller is up-to-date with ground rent payments."
Beware the short lease
Since then his estate has sent occasional bills for the ground rent to Castlebar - where it owns property worth millions of euros - but they've been largely ignored.
Tenants: come and get what we owe.. EXCLUSIVE: AMAZING PRIVATE PICS OF RUNAWAY LORD 'LUCKY'
And Motherwell are understood to receive ground rent from Gretna on a match by match basis.
Football: GRETNA WEAKENED BY PLAYER EXODUS; GRETNA ON THE BRINK..
However, the ground rent was set to increase based on a re-appraisal of the land in twenty years and the rent payments would likely have more than tripled at that time.
Patience pays off as Eastern inks $20M sale

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