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.
You would be liable for arrears of ground rent before you purchased your property if the landlord has demanded this and has not been paid or it remains unpaid as it has not been demanded yet.
This is because even though your were not the owner at the time and not personally liable, the landlord can take action for possession of the flat (forfeiture) for non payment of rent.
Your conveyancer should pro actively request this information from the seller’s solicitor at the time of purchase of the property. The seller’s solicitor is not obliged to provide this information voluntarily unless they have been asked to do so.
Therefore your conveyancer needs to ensure that ground rent payments are up to date before you complete the purchase.
More information you might find useful:
- Service Charges and other issues: Ground rent
- Freehold vs leasehold conveyancing flowchart
- More Frequently Asked Questions on Purchase/Sale
Still not found the answer?
Contact LEASE to have your enquiry dealt with by one of our experienced advisers