RENT REVIEWS

If we have contacted you to inform you that your Ground Rent has increased, please click here to access the relevant supporting documentation.  This is available to access free of charge through our secure Tenant Portal.

Each individual property lease will set out the frequency and method of calculation for any Rent Review, and we seek to process all Reviews as close to the Review dates as possible.

Where Ground Rent increases, the lease will typically contain one of three different types of Rent Review method:

Fixed

The lease sets out the specific increase in Ground Rent due upon each Rent Review.

Index Linked

The lease prescribes a specific index, which is published independently by the Office for National Statistics, and the Ground Rent increases in line with this index.

Market Value Based

The lease prescribes a specific formula to increase the Ground Rent in line with any increase in the value of the property.

Where a valuation is required in order to calculate any Ground Rent increase, the advice we receive is for our client's use only and we are unable to share this with you.

Wherever possible, we will provide all relevant information in a simplified form.

The amount of Ground Rent payable is defined in the property lease, along with the frequency and detail of any Rent Reviews due throughout the lease term.

Please refer to your property lease for more information.

If we have sent you notification of a Rent Review, please click here for more detailed information.

Your Ground Rent has increased in accordance with the specific requirements of your property lease.

For a detailed breakdown of any calculations used to process your Rent Review, please click here.

We work hard to calculate and process all Rent Reviews on or before the Review Date.  Where we cannot do this, we will issue an additional invoice to reflect any increase.

This typically only applies to Ground Rent which is index linked, as we must wait until the ONS has published its latest index.

Please refer to your property lease for more information.

Please refer to your lease for specific information about your Ground Rent, including details as to the nature and frequency of any Rent Reviews.

Where you are concerned that your Ground Rent may affect your ability to sell or remortgage your property, please contact us without delay and we will be happy to explore options to vary your lease.