Ground Rents Abolished for New Long Residential Leases

Property
on June 17, 2022
by Property Team
From 30 June 2022, anyone buying a new long residential lease in England or Wales (which has been granted for a premium) will not be charged ground rents under the Leasehold Reform (Ground Rent) Act 2022.Ground rents are often found in long leases (granted for a term of more than 21 years) and are annual payments a tenant must m ... Continue reading