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Leasehold/Freehold Query
gypsyapple
Posts: 2 Newbie
Hi
I just wondered if anyone could help me with the following query.
I own a flat and I'm currently renting it out. I have a 100 year lease on the flat and pay ground rent of about 125 pounds a year to a company (the freeholder?). This has all been runnning smoothly for about 7 years. Today, however, I received a letter from the freeholder saying that in order to 'sub-let' my flat I have to have their permission which they will grant at a cost of 180 pounds!
I was gobsmacked - 180 quid??!
Further to this, every time the tenant changes I have to pay them another 75 pounds - which could amount to another 150 pounds a year.
This is in addition to the gound rent, service charges and letting agent fees.
I'm really shocked by this, can it be right?? Is it legal for them to charge me to rent out my own property? And even if it is, how can they possibly justify such a high fee?
Having checked my lease, it does say that I need to seek permission but it doesn't mention the fees.
I'd appreciate comments/advice from anyone who has experienced anything similar.
Many thanks
I just wondered if anyone could help me with the following query.
I own a flat and I'm currently renting it out. I have a 100 year lease on the flat and pay ground rent of about 125 pounds a year to a company (the freeholder?). This has all been runnning smoothly for about 7 years. Today, however, I received a letter from the freeholder saying that in order to 'sub-let' my flat I have to have their permission which they will grant at a cost of 180 pounds!
I was gobsmacked - 180 quid??!
Further to this, every time the tenant changes I have to pay them another 75 pounds - which could amount to another 150 pounds a year.
This is in addition to the gound rent, service charges and letting agent fees.
I'm really shocked by this, can it be right?? Is it legal for them to charge me to rent out my own property? And even if it is, how can they possibly justify such a high fee?
Having checked my lease, it does say that I need to seek permission but it doesn't mention the fees.
I'd appreciate comments/advice from anyone who has experienced anything similar.
Many thanks
0
Comments
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This level of fee is fairly typical. Some managing agents charge a lot more than that!RICHARD WEBSTER
As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.0 -
Request a breakdown of the charges: I suspect part of it will be to do with informing the buildings insurance provider.Declutterbug-in-progress.⭐️⭐️⭐️ ⭐️⭐️0
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Many thanks to both of you for your replies.0
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