Ground rents are a low or nominal rent, usually paid under a long lease that was granted in return for a premium for a set term.
Within this lease the ground rent payable is defined to remain fixed throughout the term, increase in line with an algorithm (such as doubling), or an index, (such as RPI). Due to the predictability of ground rent income streams, freeholds became an attractive product for long term income investors.
Our company, Resi, was established on the back of our managing director, Robert Plant’s, experience within the ground rent industry. Having acted for a substantial number of buyers throughout his tenure, he saw how crucial an agent’s involvement is in progressing a transaction, and how quickly one can fall through if not performed correctly.
Our team holds an unrivalled knowledge of the purchasers’ due diligence and criteria, we can market any property openly or discreetly, whilst being assured of securing you the best price. Further we believe we can maximise the commercial value your property, prior to taking any ground rent to market, by advising on the lease terms to align with those specifically preferred by a purchaser to achieve the highest price.
Once we have reached terms agreed Robert, as a qualified solicitor, is able to work with you to structure an initial legal pack before any solicitors are instructed, saving you both time and money in the process. This service is unrivalled in the market.