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freehold or leasehold? 'perpetual rent'
confused!_13
Posts: 80 Forumite
Hi quick summary is
i am selling my porperty, i have lived here 3 years always understood it to be freehold.
selling property due to complete soon, next 2 weeks or so.
Got letter from local estate agent saying i owe £7.50 for 3 years ground rent!
I ahev told my slctor its freehold, checked on various websites that show my property as freehold! Spoken to estate agent who sent the letter the woman who deals with it is off for 2 weeks,and no one else can help until then! The woman i spoke to said that in some cases you have to pay ground rent if its freehold, something called 'perpetual rent'
Can anyone assist? cant get hold of my solicitor til after 4pm
Anyone had simular experience/or any knowledge?
i am selling my porperty, i have lived here 3 years always understood it to be freehold.
selling property due to complete soon, next 2 weeks or so.
Got letter from local estate agent saying i owe £7.50 for 3 years ground rent!
I ahev told my slctor its freehold, checked on various websites that show my property as freehold! Spoken to estate agent who sent the letter the woman who deals with it is off for 2 weeks,and no one else can help until then! The woman i spoke to said that in some cases you have to pay ground rent if its freehold, something called 'perpetual rent'
Can anyone assist? cant get hold of my solicitor til after 4pm
Anyone had simular experience/or any knowledge?
0
Comments
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It is possible for a property to be freehold and subject to a perpetual rentcharge. This should have been explained to you when you bought it.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 -
£2.50 per year!
Just pay it and forget about it.0 -
Would be useful to know what he's paying for and also to make new buyer aware though, (otherwise OP's misrepresented the property to the new owner) so it's not a case of just pay it and forget about it.0
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Its been paid! thats not the issue. I am more concerned with the fact that i have declared to the surveyor, estate agents, buyers and solicitors that its a 'freehold'. my main worry is that i have 'mis-represented' some information in the initial disclosure form to the solicitors.
I am looking to ensure that all info i have given is correct,and just ensuring that all the info i have given the new purchaser is correct - i was concerned that it wasnt really 'freehold' as i know that the buyer will have to pay more £s to purchase a leasehold in solicitors fees etc!0 -
Could be freehold but with chief rent still payable?0
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