WebWorried About Your Ground Rent? Book A Free Chat. Why Does The £250 Ground Rent Threshold Matter? If your ground rent is £250 per year (outside London) and you don’t … WebJan 6, 2024 · Nowadays freeholders provide leases that have considerably greater ground rent increases built in. An example of this is where ground rent increases every 25 years and is doubled each time. This type of doubling ground rent clause is normally found in long leases (200 to 999 years). The issue with a lease which includes a doubling of …

Taylor Wimpey leaseholders freed from doubling ground rent …

WebSep 12, 2024 · Ground rent up to 0.1 per cent of the current market value is acceptable. They may accept ground rent up to 0.2 per cent of the current market value subject to review. Where ground rents double ... WebDec 22, 2024 · Doubling ground rent clauses will also be left out of any future Taylor Wimpey leases. Update: 18 March 2024: The Competition and Markets Authority (CMA) … thin and powerful gaming laptop

Offer to vary leases to remove doubling ground rent clauses

WebWe have seen this arise most frequently in the context of ground rent clauses for newbuild properties. Depending on their wording, such clauses can result in an increase in the ground rent payable by the lessee from a few hundred pounds a year to more than, for example, £70,000 a year, over the course of the first hundred years of a lease. WebHowever, ground rents are becoming much more significant of late – and often include doubling clauses. Doubling ground rent is creating a bit of a perfect storm, and is causing lenders to reject these ‘onerous’ rents. In … WebWe welcomed Law Commission proposals to simplify commonhold, and called for the government to address the reasons why so few commonholds have been created; The … thin and runny soup