Search Results for "#groundrent"
Q.
I have bought my flat so why do I have to pay ground rent?
A.
When you purchase a leasehold flat, you buy the right to live there for a set number of years (the term) and ground rent is charged by the freeholder as rent for the land on which the building is built. The amount of ground rent you need to pay (which may be nominal) will be set out in your lease.
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