ground rent


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ground rent

The rent paid under a ground lease.

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The consultation was prompted by increasing public unease over several aspects of the leasehold system, particularly the position of buyers of new-build leasehold houses and those in flats where the ground rents could increase significantly over time.
I contacted E&J and was told that the leases will be changed so that any ground rent increases will be linked to inflation.
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.
In 2012, Swansea City Council, at Langland Bay, offered a 10-year lease beach hut letting scheme, subject to conditions, with no annual ground rent.
The property is held leasehold for 99 years from June 6, 1973, subject to 25 yearly rent reviews of the ground rent which is currently pounds 4, 500 a year.
The Commission would thus pay rent and ground rent due for the first months of 2004 (which must be paid before January 1, 2004) from the 2003 Budget and not the 2004 Budget.
A range of useful information can also be included, such as energy efficiency, council tax band, ground rent payable and names of nearby schools, doctors and local facilities.
Agent Christie & Co is quoting 240,000 [pounds sterling] for the lease, which is subject to a ground rent of 1,000 [pounds sterling].
Norway's Labour Party has reportedly contacted representatives of the Conservatives, the Progress Party and Christian People's Party so that they could work together to change the country's law that regulates ground rent.
Scores of locals have refused to pay ground rent to the Lucan estate for nearly a quarter of a century claiming he must be dead.
Mr Clark, 42, expected the annual ground rent on his pub, the Golden Tree in Aberdeen, to reach a maximum of pounds 1,800 when he took over in 1992.