Since June 2022 all new-build leasehold flats in England must be sold with a peppercorn (zero) ground rent under the Leasehold Reform Act. Older stock may carry onerous escalating ground rents, avoid these.
Related ownership terms
More from this category
SIPP
A pension wrapper allowing personal control over investments.
SPV
A limited company set up specifically to hold property.
Freehold
Outright ownership of the land and building.
Leasehold
Ownership for a fixed term (usually 125–999 years) from a freeholder.
Ground rent
Annual fee paid by leaseholders to the freeholder.
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