hi there, i have just purchased a flat with high ground rent (£350 a year ) doubling every 10 years. i believe that after having owned the flat for 2 years i can challenge this and get it reduced, is this so?many thanks. tabitha
Thanks for your question. Please remember to rate my answer SMILEY FACE OR ABOVE so that I am credited for my time.Is there a trigger in the lease or if you dispute it?
Relist: Incomplete answer.very unhelpful, if they can't do better than that i would like my money back!
It is not an answer, it is a request for more information.Is there a trigger or formula in the lease about ground rent increases?
i don't know the term 'trigger' in a lease but i do know that there is a clause stating that the ground rent is to double every 10 years and i want to know if this can be changed? i have heard that after living there for 2 years i would have the right to make the freeholder/landlord change this and want to know if this is correct information?
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I have seen your negative rating.What else do you want to know?
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