View Full Version : Ground rent increases
TAPASTART
24-03-2009, 16:11 PM
What are the consequenses of increasing a ground rent above the R.V ?
Poppy
24-03-2009, 16:20 PM
Read the lease. A lessee should only pay what the lease states.
What's the problem? Are you the lessee? Are you talking about long leasehold ground rent?
kikuyu
24-03-2009, 17:06 PM
Do you have the Leasehold Reform Act 1967 in mind and are you thinking of GR above 2/3rd RV?
jeffrey
24-03-2009, 17:11 PM
Do you have the Leasehold Reform Act 1967 in mind and are you thinking of GR above 2/3rd RV?
Here's s.4(1)(i), if that's what you meant:
4. Meaning of “low rent”.
(1) For purposes of this Part of this Act a tenancy of any property is a tenancy at a low rent at any time when rent is not payable under the tenancy in respect of the property at a yearly rate:
(i) if the tenancy was entered into before 1st April 1990, or on or after 1st April 1990 in pursuance of a contract made before that date, and the property had a rateable value other than nil at the date of the commencement of the tenancy or else at any time before 1st April 1990, equal to or more than two-thirds of the rateable value of the property on the appropriate day or, if later, the first day of the term...
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