Ground Rent Estates Limited

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Ground Rent Estates Limited

Post by Steve on Wed Feb 24, 2010 3:33 pm

Hi all,

You have probably all received letters from Ground Rent Estates Limited (GRE) with an invoice requesting payment. I have reviewed these amounts and the 6 months leasehold (Ground rent) is around the same amount we were expected to pay each month at the start, It looks like they either will not be/are not allowed to claim the 2 years previous rent that we all owe (which is a bonus). The annual insurance amount looks very reasonable as I was curently paying £13 p/m just for my flat and this will include all the comunal areas etc. I rang and spoke to Di at GRE and asked about the rienstatement fee as I was unsure waht this was. This is a charge that they have incurred in getting the survayers out to makes sure that the right value of insurance is in place, this is a one off charge that we maight have to pay every few years. I also asked about whether a Management Company would be appointed and the answer is yes. A company has been appointed called Adderstone Estate Management Ltd, we should be receiving letters in the next two weeks or so as they are currently working on a budget. I guess we need to make sure that they cover off all the bits that are run down/broken.

We also have our own Property Manager, James Atkinson at Adderstone who can be contacted on 0191 2125021 for any issues etc.

If I hear anything else, I will let you know.

Cheers,

Steve.

Steve

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Re: Ground Rent Estates Limited

Post by Yikun on Fri Feb 26, 2010 1:33 pm

Thanks for the updates, and your research on the price is a great help to us, as we dont know what the previous rent was.

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Re: Ground Rent Estates Limited

Post by Abi on Mon Mar 08, 2010 11:52 am

Really helpful - thanks Steve

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Re: Ground Rent Estates Limited

Post by Charlie on Tue Mar 09, 2010 1:38 pm

Thanks for that info Steve, it is much appreciated!

Charlie

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