To: UK Government

Give leasehold property owners protection from high ground rent increases

Give leasehold property owners protection from high ground rent increases

The UK Government needs to review the currently legal practise of allowing land owners to set their own rent levels. Give people in new build homes protection from high increases in ground rent. Perhaps linking land value to the Retail Price Index and giving buyers the right to buy the lease at a reasonable price.

Why is this important?

Too many owners of new properties are living in fear that the leasehold property they own is open to high ground rent increases and high purchase costs in the future. It is important that they have the peace of mind knowing that they will be able to afford fees and price increases in the future. Please help put a stop to this unfair practice.

United Kingdom

Category


Reasons for signing

  • Doubling ground rents every 10 years just lines off shore companies pockets and makes living in these properties unaffordable for placeholders who cannot afford to move out as the properties become unsaleable. The property holder is stuck in an unaffordable property. These ground rents do not contribute to the benefit of the local community. The areas will eventually decline and become ghettos.

Updates

2017-09-07 18:04:47 +0100

10 signatures reached