Change Freehold terms

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    Change Freehold terms

    So I own the freehold and the leasehold to some flats. The GR is set at £100 pa fixed.

    I am considering selling the flats leasehold, but retaining the Freehold.

    Is it easy to change the GR terms such that it increases by CPI/RPI? How much would this likely cost at a solicitor for 5 flats?

    Thanks


    #2
    You should be asking what is the future for ground rents? Its better add £3K to the sale price and to sell at peppercorn ground rent

    You should be asking a local solicitor experienced in L&T work to give a quotation.

    They seem to charge about £200- £300 per hour but it depends on the town or city location and if you are "up north" .

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