Quiz - how well do you understand your lease?
Understand the key things you should know about your lease. If you are a purchaser, this can help make sure your solicitor has covered all of these points and explained them clearly to you.
A leaseholder in Brentwood, Essex consulted LEASE after receiving a demand for ground rent, on which an administration charge of £117.50 was levied; the latter subsequently increasing to £263.
LEASE advised that the demand failed to comply with the requirements of Section 166 of the Commonhold and Leasehold Reform Act 2002 which states that before ground rent is payable, a notice in a prescribed form must be served on the leaseholder giving them 30 to 60 days to pay. In the absence of such a statutory notice the landlord could not demand payment of an administration charge and withdrew the charge.
More information you might find useful: