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lease extension calculator on lease website

https://www.lease-advice.org/calculator/


when it says ground rent. does this mean how much paid monthly or yearly? im guessing monthly but please help?

Comments

  • G_M
    G_M Posts: 51,977 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    I'm guessing yearly. Almost certain.
  • G_M wrote: »
    I'm guessing yearly. Almost certain.


    if a shared ownership home would the rent on unowned equity count as ground rent?
  • da_rule
    da_rule Posts: 3,618 Forumite
    Sixth Anniversary 1,000 Posts
    sofsofsof wrote: »
    if a shared ownership home would the rent on unowned equity count as ground rent?

    The statutory lease extension does not apply to shared ownership.
  • da_rule wrote: »
    The statutory lease extension does not apply to shared ownership.

    yes, but just say in theory the HA have agreed a lease extension , and are sending RICS to put a value on this.. will they at all look at what we pay them monthly on the unowned equity? or can that not be included?
  • Tom99
    Tom99 Posts: 5,371 Forumite
    1,000 Posts Second Anniversary
    sofsofsof wrote: »
    yes, but just say in theory the HA have agreed a lease extension , and are sending RICS to put a value on this.. will they at all look at what we pay them monthly on the unowned equity? or can that not be included?
    No the rent you pay on the part you do not own should not form part of the calculation, only the ground rent (if any) you pay on the %age you do own.
  • Tom99 wrote: »
    No the rent you pay on the part you do not own should not form part of the calculation, only the ground rent (if any) you pay on the %age you do own.

    thank you so so much this makes sense now :)
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