Ground rent increaseMake Text Bigger
I bought a flat in November 2012 and the ground rent was £100 till now. Yesterday I got a letter from the management company E & M saying that the ground rent was due for review in December 2012 and it’s now £325 pa from 2012.
I am going to check the lease out but in the meantime I am wondering:
1. Can they increase ground rent by that much ?
2. Can they charge backdated ( now is 2014 ) ?
3. The lease has around 100 years left, is it worth to get lease extend to avoid ground rent ?
4. How much would the lease extension cost?
I would really appreciate if anyone could help.
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