I have just calculated that ground rent of £250pa doubling every 25 years of a 90yr lease is £73,750.

Currently the gound is £12pa or £1080 for the term.

Can the freeholder reasonably expect to get this?

Thanks Mr. Shed.

Your first reply had be back on my heels.

I omitted that they propose the new ground rent of £250 pa be doubled every 25 years.

I will begin preparing a negotiation in the hope that an agreement can be met without the LVT.

Many thanks once again.

Hi there,

I have a query regarding a proposed lease extension.

The property is under offer at £860,000

There remains 51 years of a 99 year lease with a peppercorn ground rent of £12 per annum.

The freeholder has proposed a lease extension of 90 years with an increase of ground rent to £250 per annum for the sum of £110,000.

Can this be considered fair or should I negotiate? Should I look for 99 years/keep peppercorn rent/reduce the charge?

Many thanks:confused:

Having read some recent threads I am impressed by the quality of the information provided in the replies.

Hopefully I can make a contribution too.

Hope you are all well.