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  • Yeah I assumed the cost was per flat but actually I think it's for the whole freehold. Its a strange amount because there's 55 flats, 20 are owned by Hyde for affordable housing, that leaves 35 flats so why are they asking for 24 x total ground rent.

  • It’s not something I have come across before. It could be a result of the forthcoming leasehold reform act.

    Edited to add: The Law Society has published a report on freehold valuation that explores the idea of ‘a simple multiplier’ of ground rent as a basis.

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