Freehold ground rents are created when a building is built or converted into multiple accommodation units. The individual flats are then sold individually on a lease drawn up by the developer, which can vary in length. The developer (freeholder) retains the ownership of the land that the building sits on and charges the lessees a small annual ground rent.
Reversionary ground rents are where the leases have under 80 years left. There’s a high demand for these types of properties, so we’re always keen to discuss how we can achieve the best price for your property.