Site Information
Freeholder's Title:
The title includes a list of the leases that have been extended by 90 years at a peppercorn (zero) ground rent:
2, 5 and 7 Beech House
2 and 4 Maple House
3, 6, 7 and 8 Sycamore House
3, 5 and 8 Willow House
Head Lease
The company holds a head lease with the freeholder dated 3 February 1981 for 99 years from 25 December 1980. The annual ground rent was set as £1,280 for the first 33 years, £1,920.00 for the next 33 years and £2,560 for the remainder of the term payable half-yearly on 24 June and 25 December.
The company's title as intermediate landlord
Deed of Variation
The company entered into a deed of variation on 4 April 2008 reducing the ground rent proportionately for each sub-lease granted a peppercorn (£Nil) ground rent with a 90 year lease extension under the Leasehold Reform Housing and Urban development Act 1993 (as amended). This means that the amount of ground rent payable by the company to the freeholder will remain equal to the amount payable to it by the leaseholders.
Lease: Sample Lease