LEASEHOLD - NINE COMPANIES TO REMOVE RENT DOUBLING CLAUSES FROM LEASES

Hi, it’s Deborah and Euzi Good news! Nine companies which had purchased freeholds from Taylor Wimpey have committed to remove clauses which meant the price of leaseholders’ ground rents would double every ten years. The freeholders have also agreed to remove terms which were converted from doubling terms into RPI-based ground rent clauses, and to repay homeowners previously affected by the doubling ground rent clauses. The ground rent will therefore not increase over time… https://www.gov.uk/cma-cases/leasehold?utm_medium=email&utm_campaign=govuk-notifications-topic&utm_source=fbffa9e8-3dd9-4c6f-967b-71eed144c268&utm_content=immediately #legaladvicefordivorcematters #legaladviceforlandlordandtenantmatters #legaladviceforemploymentmatters #mackenziefriend #helpingyoutopreparetoattendatcourt #affordablelawforyou #bespokelegaladvice