WebMeaning quite simply that your existing doubling lease is converted to an alternative lease structure, specifically designed to include less expensive ground rent review terms, and enabling you to far more easily sell or … WebDec 22, 2024 · Doubling clauses, which were the subject of a Which? investigation in 2024, usually involved the leaseholder's annual ground rent doubling in cost every 10 …
Doubling Ground Rent clause on our property - first we …
WebMar 19, 2024 · Written by: Emma Lunn. 19/03/2024. The Competition and Markets Authority (CMA) has ordered Countryside and Taylor Wimpey to remove doubling ground rent … WebMar 16, 2024 · A ground-rent arrangement is a situation in which someone owns a building but not the land on which the building is located, requiring monthly land-rental payments. gellan gum is it good for you
Offer to vary leases to remove doubling ground rent clauses
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 … Web24 August 2024. Some 5,000 households in the UK who paid a doubled ground rent on their homes will get a refund after an investigation by the competition watchdog revealed “unfair” leasehold practices. The Competition and Markets Authority (CMA) previously investigated the ground rent clauses of housing developer Taylor Wimpey and, now ... WebSep 13, 2024 · Offer to vary leases to remove doubling ground rent clauses. Countryside is currently the freeholder of a number of long residential leases which contain a clause … ddlc full body