Fergus Wilson Panorama documentary – now available on iPlayer22:10 PM, 18th March 2019
About 5 days ago 93
I own a flat that I rent out. Estates & Management have just written to me and I just wanted your thoughts as to whether this is legal as I am fuming…
“Following a review of the lease for the property it has come to our attention that your ground rent was due a review on 1 Jan 2006.
Your lease states that the rent for your property is to be determined by the increase in the value of the block of which your property is a part of over a period of 21 years. Accordingly your ground rent has increased to £85.25 per annum.
The current balance on your account is £625.78 and an invoice will be sent to you shortly.”
I called them to clarify the content of the letter in that they were backdating 9 years worth of ground rent that they have only just increased and they confirmed it was correct.
This doesn’t sound right…. anyone else had this? and thoughts, suggestions?
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More