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Lease Renewal
Sue11
Posts: 91 Forumite
Hi everyone
Overlooked by her solicitor my daughter bought a flat with a new lease the superior landlord had changed the wording by a deed of variation. In it the new lease, put in place by the previous owner, who only paid £12.60 per year to the day she moved out, the superior landlord had changed the details making the new lease run from the date of the very first lease dated 1965 and put that the ground rent at 1965, was £200 although not implemented doubling every 33 years. My daughter did not know this, until she got her first demand for rent of £400.
To get out of this we worked out on the MSE calculator how much it would cost to renew the lease after her owning it for two years but as the landlord can now take it back to 1965 will this affect the cost of renewing.
I recently put a post on here but had no answers I am not sure I am explaining this correctly.
Sue
Overlooked by her solicitor my daughter bought a flat with a new lease the superior landlord had changed the wording by a deed of variation. In it the new lease, put in place by the previous owner, who only paid £12.60 per year to the day she moved out, the superior landlord had changed the details making the new lease run from the date of the very first lease dated 1965 and put that the ground rent at 1965, was £200 although not implemented doubling every 33 years. My daughter did not know this, until she got her first demand for rent of £400.
To get out of this we worked out on the MSE calculator how much it would cost to renew the lease after her owning it for two years but as the landlord can now take it back to 1965 will this affect the cost of renewing.
I recently put a post on here but had no answers I am not sure I am explaining this correctly.
Sue
0
Comments
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Sounds to me that you need legal advice0
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You would probably get more replies on HBR&S as this isn't a mortgage issue.I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0
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