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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 …

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