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Chief Rent?
Money_and_Travel
Posts: 127 Forumite
Seen a house for sale, and it says Freehold and Chief Rent.
What's Chief Rent?
What's Chief Rent?
0
Comments
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Also known as a rent charge, it's a nominal fee to a "lord of the manor"Money_and_Travel said:Seen a house for sale, and it says Freehold and Chief Rent.
What's Chief Rent?
Looks like you only need to pay until 2037 as they were abolished in the 70's with remaining ones set to last for 60 years from that point
https://www.gov.uk/guidance/rentcharges0 -
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So it's not really Freehold?0
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it can only exist on freeholdMoney_and_Travel said:So it's not really Freehold?0 -
And in 12 years the nominal charge won't exist or be required to be paid.DullGreyGuy said:
it can only exist on freeholdMoney_and_Travel said:So it's not really Freehold?
OP did you read the gov.uk guidance I linked to in my first post?0
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