Lexsure Knowledge Hub
Makes available the latest paragraphs for you to consider including in your Report on Title.
text for Report on Title:
ROT: Rent Charge (New Development) - Acceptable To Lender
Change Date : 02/01/2022 | Word Count: 83 | Deployment Measure : 7/10
Rationale:
Explanation as to the meaning and consequences of rent charges for new build developments
An Estate Rent Charge is a relatively new concept which has been applied to new developments comprising freehold properties where some communal areas exist which will require regular maintenance. Such an Estate Rent Charge applies
…