Meet the Other Phone. Protection built in.

Meet the Other Phone.
Protection built in.

Buy now

Please or to access all these features

Property/DIY

Join our Property forum for renovation, DIY, and house selling advice.

Leasehold house, maisonette or flat

3 replies

scoobydoo1971 · 29/04/2023 19:33

Does anyone have a leasehold house, maisonette or flat where they pay ground rent linked to inflation. If so, can you tell me if the lease states the index of inflation that will be used to calculate the ground rent (e.g. retail prices index or consumer price index). I ask because in my lease, it says the annual inflation should be that deemed by the 'Authority of her Majestys government' in the preceeding year. In my mind, that should be the consumer price index (since it is what the Government mostly use these days). The Landlord relies on the Retail Price Index, but it is not referenced in the lease anywhere to state they can use this older model.

OP posts:
Reugny · 29/04/2023 19:46

Contact lease advice - https://www.lease-advice.org/

And get an appointment with them.

You have two questions to find out the answer to:

  1. What index is used for your ground rent raises
  2. Whether your freeholder is one of the freeholders has scrapped inflation linked ground rents, and what to do about it.
Reugny · 29/04/2023 19:47

This is because your property is unsellable with rising ground rents.

scoobydoo1971 · 30/04/2023 15:07

Thanks, I have already done that and they support my complaint. There is no specific inflation index in the lease at all, and I believe the landlord should be using the consumer prices index nowadays. The lease dates back to the 70's when the retail prices index was more commonplace. I am going to take it up with the landlord, and seek an answer from the tribunal as it looks like they have over-charged for years.

OP posts:
New posts on this thread. Refresh page