Ground Rents

08:58 18 September in News & Case Studies
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One of our larger freeholder clients is baffled by the law commissions report and the proposed leasehold reform legislation. Granted the 1967 Act needs work and could be simplified to mirror the 1993 legislation for flats.

This landlord started buying ground rents long before anyone was thinking about them and has offered fair lease extensions to the leaseholders. 99% of the lease extensions granted are done outside the Act. The system works well for the majority of fair minded people – leaseholders and freeholders.

 

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