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Last edited 23 Nov 2020
The lease should set out:
- The amount of the ground rent.
- The payment dates (usually annual).
- The circumstances under which the ground rent can be increased.
- The name of the leaseholder.
- The period covered.
- The amount.
- The name and address of the freeholder.
- The name and address of the managing agent if payment is to be made to them.
- The due date.
- 'Notes for Leaseholders' informing leaseholders of their rights and responsibilities.
If a leaseholder extends a lease under the Leasehold Reform, Housing and Urban Development Act 1993 they then only have to pay a ‘peppercorn rent’ effectively a ground rent of nothing. If a lease is extended by negotiation ground rent may still be payable.
 Related articles on Designing Buildings Wiki
- Break clauses in leases.
- Built to suit.
- Buy-to-let mortgage.
- Housing tenure.
- Lease Negotiations - Tenants Checklist.
- Licence to alter.
- Peppercorn rent.
- Property guardianship.
- Rent-free period.
- Rent review.
- Schedule of dilapidations.
- Scott schedule.
- Service charge.
- Vacant possession.
- What is a mortgage?
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