Property Solutions

Important Facts to Know About Ground Rent Payment in the UK

Posted on November 21, 2014 at 6:21 pm

If you are currently a lessee, a lessor, or are planning to purchase or sell a long term lease in the UK, ground rent is something you need to be aware of. Although it’s generally a very small annual amount, there are consequences for ignoring or neglecting it, both on the part of the lessee and the lessor. Each person has specific responsibilities when it comes to a lease agreement, and fulfilling these responsibilities faithfully should be a priority for both parties of the agreement.

Lessors
Ground rent won’t be much compared to what you receive from the initial sale of the lease. Commonly ground rent is paid as a lump sum or in installments at set times throughout the year. While the amount might not seem like a lot, it can be nice to get a small return on your lease each year. It also helps to establish the legitimacy of your position as the landlord over a flat or property being used by an individual.

One thing that is important to remember is that you cannot legally collect the ground rent without properly requesting it from the lessee each time a payment comes due. Get familiar with the specific content that the written document must have, as well as other requirements placed on it to make it legal, or else you may not be able to receive your ground rent. The lessee is not required to pay ground rent unless it is formally requested by you. (more…)

Posted in Property Solutions

Breaking through Walls

Posted on November 7, 2014 at 6:27 pm

Stud partition walls can easily be knocked down, and this is ideal if you’re looking to open out spaces, such as kitchens, dining rooms and conservatories. There is a bit of a trend towards kitchen diners, and these are essentially large American style kitchens, where you have centre islands, breakfast bars, dining areas, and your main kitchen units and appliances.

It’s a big commitment to break through walls, and you can at times require planning permission. You should always seek the services of a reliable builder, and preferably someone who has experience with suspensions.

The structural integrity of the wall should always be checked, because planning permission may become a big issue. This is why breaking through walls is something that shouldn’t be done lightly, and you should always plan everything out, using professionals along the way, making sure it’s done correctly.

Posted in Property Solutions