Ground Rents Purchased Across England
We are able to advise you on the section 5 notices that need to be served on your lessees. The law has been changed in rcent years so that your lessees now must be given the "First right of refusal".
Only when two months has elapsed from the receipt of these notices by your lessees can you dispose of your ground rents.
These notices must be served in the correct format by a person that is familiar with the law. You can't simply drop the lessees a line informing them of your intentions without inserting all of the necessary information. Your lessees then have two months to decide wheter or not they want to go ahead and purchase the freehold.
You need to get the notices served correctly first time around otherwise you will have to serve them again and which will only cost you time and just as importantly money.
We Are Ground Rent Investors
So the notices have been served correctly and we can now get down to the business of the legal work. Provided you have the land charge certificate and counterpart leases the sale should happen very quickly.
In most cases their is no reason why you can't conclude a sale in a couple of weeks provided you have a motivated buyer.
So there you have it. If you want to free up some cash and sell your ground rents call our sales team today.
We are ground rent investors.
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