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The latest paragraphs for you to consider including in your Report on Title.

Text for Report on Title

ROT: Doubling Ground Rent every 25 years (Where rent will be exceed Housing Act 1988 amounts) + Suggestion of Indemnity Insurance

Change date
17/04/2023
Word count
1,137
Deployment measure
7/10
Rationale

CQS (CPMS) Section 5.16 says that a firm must give clear advice to clients on the lease and any supporting documents, and on the practical and financial implications of that for the client. This includes advice on ground rent. The example paragraph explaining is one of many versions in e-ROT outlining the problems with escalating ground rent. This one assumes a London property but can easily be changed. Although this wording refers to ‘doubling ground rent’ every 25 years it can be adapted based on specific circumstances. The advice refers to lender trends and what options are available to a borrower/buyer client.

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