January 21, 2019

Archives for January 2018

ARCO snubs McCarthy and Stone / Churchill by saying there is no need for ground rents

The trade body the Association of Retirement Community Operators announced yesterday that ground rents are “not essential” in retirement housing and it backs the government in ending them. The announcement directly contradicts McCarthy and Stone and Churchill. Both have argued that they need ground rents for the viability of retirement housing projects and without them […]

£4,000 sublet fee at Butler’s Place

The highest sublet fees LKP has encountered exist at the retirement site Butler’s Place, in Milford, in Surrey. In some retirement leases subletting fees of 1 per cent of the purchase price or value of a flat are charged at each subletting. In theory this means that if you have, say, three tenancies in a […]

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