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When a property is owned as a leasehold, the leaseholder may be required to make a regular payment to the freehold owner. It is literally a payment for renting the ground (land) on which a leasehold property stands. The freeholder is not required to provide any additional services for this payment. The requirement for ground rent is usually created when a freehold piece of land is sold on a long lease or leases. Ground rent is often paid yearly.
A summary or list of relevant title deeds proving the ownership history of a property,…
A document used to confirm that a lender agrees that their already-registered charge (mortgage) will be ranked…
