In some cases, where there is a ground rent payable on your property, Hillcrest may collect this on behalf of the landlord. We will invoice you for this ground rent as and when it is due under the terms of your lease. In other cases, the ground rent may be collected directly by the landlord.
Under the terms of your lease, there is a ground rent payable to the owner of the land and the building, the freeholder. The amount of ground rent, how it is paid and when it will increase is stated within the lease and will not change if the owner of the freehold changes. We often collect ground rent on behalf of the freeholder as a service to them but in some cases, the freeholder will collect this themselves.