Page 13 - Living in a Managed Development

You might also pay ground rent
This is is the money you you pay to your landlord in respect of the land on which your property is built Either we will collect this money on on the the landlord’s behalf or or or or more usually the landlord landlord will will invoice you directly This information will will be included in in your lease In England and and Wales there will be no new ground rent
charges on most new residential leases from 30th June 2022 This will impact leaseholders buying brand new properties or formally extending their existing leases Living in in a a a a managed development: An easy guide | 13
Included within the service charge you pay is our management fee
This is is paid to FirstPort and covers the costs of of a a a a a wide range of of activities that we carry out to efficiently manage all of our developments