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New build service charges and possessory title
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We withdrew our offer in the end. The sellers were saying that they'd never had to pay any service or rent charges, but it clearly states it in the TP1 that these charges exist, which in turn made me wonder, if the sellers are telling the truth, could I possibly receive a hefty bill for the 3 years that the existing owners lived there. I've no idea about this stuff, but I'm glad we've pulled out.Densol said:Some of the covenants are normal as is the estate charge. These are not regulated like leasehold properties and commonly called Fleeceholds.What is a major concern is the Rent Charge and the right to enter your house and take possession if its not paid.This article explains well.Personally I would not buy a house subject to a rent charge, and the fact that house was built by Persimmon would make me run at a 100 miles in the opposite direction. ( see Trustpilot reviews - only the real ones not the fake ones )0
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