Countryside Properties has joined Taylor Wimpey and Aviva in announcing it will end the doubling of ground rents on new build developments. Following an investigation by the Competition and Markets Authority, Countryside Properties will make adjustments to leases so that leaseholders will be able keep rents at the same level as when they first bought their home, writes Mark Chick, Bishop & Sewell’s Senior Partner and Head of its Landlord & Tenant team.
This is good news for leaseholders with 10-year doubling rents, or other reviews where Countryside is still the freeholder.
It will be interesting to see whether Michael Gove, in his new role as Secretary
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