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ROT: Rent Charge (New Development) - Acceptable To Lender

Change date
20/10/2022
Word count
553
Deployment measure
7/10
Rationale

Outlines the rent charge payable and the potential impact on mortgageability and marketability

An Estate Rent Charge is a relatively new concept being applied to new developments comprising freehold properties but where there exists some communal areas which will require regular maintenance. Such …

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