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Ground Rent on Freehold
AlberPPGN
Posts: 1 Newbie
Hi all, first time post and appreciate any experience on this. I own a share freehold / leasehold flat, which means the 4 flat owners are directors of a company that own the buildings freehold, and then we each own our 999 year lease on each flat. I have recently discovered that one of the directors is paying £20 per year ground rent to Ladybrook Securities (yes I have seen their history on here !) only because a previous director advised him to on purchase of his flat. This has been going on for 10 years+ it seems, but we as the Ltd company own the freehold, so ground rent should be paid by the leasholders (us) to the freeholder (also us !) ? Any experience on this ? I don't want to rock the boat with Ladybrook as we are about to sell and I've read what trouble they can cause for the sake of 20 quid !
0
Comments
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What involvement do Ladybrook Securities have (or had)? Is your building's "freehold" actually a leasehold interest and they have the freehold (perhaps for a larger area)? Or were they the previous freeholders for your building?0
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If you own the freehold there shouldn't be any ground rent.Does he receive an annual demand from Ladybrook? What does it say? Why doesn't anyone else receive a demand?Is it perhaps a rentcharge issue?0
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