Ground rent

SpeedFreak

SpeedFreak

SpeedFreak

Soldato
Joined
14 Nov 2002
Posts
7,796
Location
Under the Hill
does anybody else pay this? I bought my flat in august and moved in in October. I just got my bill for ground rent and it's £670 for the year. I spoke to a few friends in the place where I live and although they are in houses, they also pay it. It's a Barrat's built site and there are at least 150 flats/houses here.

I'm not really sure what it is used for. I know it gives me buldings insurance, but at almost 700 quid it's a bit steep. Oh...they do replace light bulb's in the communal area of the entrance. :rolleyes:
 
I pay ground rent and service charge on my flat. Usually the two are separated though. My apartment block was also built by Barrat and Peverel OM look after it.

Ground rent is exactly that - you're paying the owners of the land a sum of money each year.

On top of that there's service charge. For me, that covers the concierge service, maintenance of communal areas, water rates and buildings insurance. If there's a gym in your building. that's also usually covered by the service charge.

Service charge + ground rent is about £1300 a year for me.

Surely you knew about this before you moved in though? Wasn't it mentioned in any documentation or even by the estate agent?
 
ground rent etc usally covers the maintance of the building, the exterior, the garden maintance etc and your building insurance. sucks you gotta pay it, but you should have been aware about it when you bought the place, you should have been informed about it
 
When the place gets a bit older it'll be used for upkeep like unblocking drains, replacing the roof, repainting, resurfacing of the carpark etc. Example of a place that doesn't charge enough ground rent is where I live and it's crippled with financial problems with repairs now. I'm sure it's got nothing to do with the inept doddering old busybodies that run the committee, oh no, not that at all.
 
I wonder if I could get away with that when selling my house.

House for sale !!!! but not the ground :p

Once the house is sold the new owner will have to pay 1000 euros a year to the old owner for ground rent.

Only in the UK would this be legal.
:p
 
jas72 said:
I wonder if I could get away with that when selling my house.

House for sale !!!! but not the ground :p

Once the house is sold the new owner will have to pay 1000 euros a year to the old owner for ground rent.

Only in the UK would this be legal.
:p
Click to expand...

you would then be responsiable for all maintance of the exterior, eg replacing the roof, unbloocking drains like above ;) so wouldnt be worth it for you lol
 
jas72 said:
I wonder if I could get away with that when selling my house.

House for sale !!!! but not the ground :p

Once the house is sold the new owner will have to pay 1000 euros a year to the old owner for ground rent.

Only in the UK would this be legal.
:p
Click to expand...

I had a leasehold flat in Germany.
 
Ground rent doesn't cover you for anything. It's pretty self explanatory really, it's a rent you pay for the ground that your property is built on - Ground Rent.
 
OMG ground rent!!! They really ****** me off this year.

I bought a flat Christmas 06 and the Freehold managers wrote to me last Christmas about the indemnity I owed on the previous year's ground rent.

I sent them a letter saying.. this isn't my fault that YOU didn't contact me, but seeing as I am a nice person here's half (£75) of what I owe you, you can have the other half next month.

They wrote back and said it wasn't their fault and it was my solicitors and they wanted the full amount of money.

So I just sent them a cheque.. the bar stewards...

Really annoys me too... even though I have signed my letter they still address it to 'The homeowner' so ******* rude!!!

Arrgggh!!!

(I pay £50 per 6months of the year, so £100pa because I live in London)

BB x
 
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