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What is Perpetual revisable ground rent?

April 26, 2017ground perpetual rent revisable

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What is Perpetual revisable ground rent?

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Perpetual revisable ground rents are linked to a scale revision, usually every 25 years and usually according to the cost of living/value of the pound sterling. This ensures that the BUYING POWER remains constant by being periodically updated. This type of ground rent can be redeemed or bought our within 6 months after revision at a set rate. It is capitalized at 5% rate. i.e. 20 times the ground rent. The property becomes FREEHOLD.