Thousands of leaseholders freed from doubling of ground rents

Wed, 15 Sep 2021 09:02:20 GMT 3

Thousands of leaseholders freed from doubling of ground rents


Countryside Properties to remove such terms from contracts after CMA investigation

Thousands of people who bought leasehold homes from housing developer Countryside Properties will be freed from costly contract terms, following an investigation by consumer watchdog the Competition and Markets Authority.

The CMA has been looking into the practice by Countryside and other property developers of doubling ground rent every 10 to 15 years.

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Source link for full text: https://www.theguardian.com/business/2021/sep/15/thousands-of-leaseholders-freed-from-doubling-of-ground-rents-countryside-properties-cma


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