₦airaland Forum

Lexusgs430:
I posted a link here a few days ago ........ Whilst you're still loving the property, take a second to hunt the link and read the article........

I hope the property love lingers on, afterwards.....😂😁

Thank you at Lexusgs430, but the property in question is a freehold, its not a leasehold, the article you posted was about ground rent which to my own understanding is applicable to leasehold properties. Is estate rent charge same as ground rent?

Hello everyone,

I apologise if this issue has been addressed in the previous posts. Please kindly indulge me.
My husband and i as first time buyers are considering purchasing a property with an annual Rentcharge of £266, which is payable to a management company for maintenance and upkeep of shared areas. While the Indemnity Policy offered by the seller's solicitor provides some protection, we are concerned about the potential impact on the property's value and saleability in the future.

Are there any specific challenges or issues that arise when selling a property with a Rentcharge, example does it in any way affect property valuation or saleability, or is it something we shouldn't worry about and go ahead? We really love the property.

Please my oga's in the house, I go dey corner dey read your responses.
Thank you