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Escalating ground rents

Millions of people in this country own their homes on a leasehold basis and therefore pay an annual ground rent. On some occasions, regular and steep increases in the ground rent can have a significant impact upon both leaseholders and lenders.

Issues with the ground rent on some leasehold properties

Ground rent refers to a payment made to a freeholder by the majority of those who own leasehold property in England and Wales. The term “ground rent” was originally intended to reflect only the value of the ground that was being let, ignoring any buildings on it.

What happens next?

If you instruct us to take on your case, we will consider if we are able to offer you a Conditional Fee Arrangement (CFA); this is sometimes known as a “no win no fee” agreement. In order to decide this we will need to assess the strengths and weaknesses of your case. This will involve looking at all of the relevant documentation in your possession.

What is a standstill agreement?

A standstill agreement is an agreement which has the effect of stopping or suspending time for the purposes of limitation. It may be used to allow negotiations to take place to settle a dispute, and thereby avoiding court action, or perhaps a claimant is not ready to issue a claim form or has issued a claim form but not yet served the particulars of claim.

What is Limitation?

Limitation is the legal principle that there should be an end date to litigation. The main reason for this is to protect defendants against claims being made against them after a long period of time when they may have destroyed evidence available to rebut those claims.