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What is ground rent and why do I pay it?

What is property management?

You might also pay ground rent. This is the money you pay to your landlord, annually or in instalments, for living at your development. Either we will collect this money on the landlord’s behalf or, more usually, the landlord will invoice you directly.

This only applies for leaseholders in England and Wales, but not to Scotland.

In England and Wales there will be no new ground rent charges on most new residential leases from 30th June 2022. This will impact leaseholders buying new properties or formally extending their existing leases.