Retirement flat owner faces £1,505 in fees to sublet inherited property
UKPulse Property Desk
A retirement flat owner is questioning the legality of significant fees, including a full month's rent, demanded by the leaseholder to sublet an inherited property.
- A leaseholder is requesting an initial payment of £1,505 to grant permission to sublet a retirement flat.
- The fees include £125 for subletting permission, a £115 annual fee, an £80 pet fee, and the entire first month's rent of £1,150.
- The leaseholder already charges £600 annually in ground rent for each of the 82 flats.
An individual who inherited a retirement flat is facing substantial charges from the leaseholder to rent out the property. The flat, described as difficult to sell with high running costs, is being considered for rental to help manage expenses.
The leaseholder is requesting an initial payment of £1,505 to grant permission for subletting. This sum includes a £125 fee for permission to sublet, an annual fee of £115, an £80 fee for pet ownership, and the full first month's rent of £1,150.
The leaseholder already charges £600 a year in ground rent for each of the 82 flats in the development.
What this means for you: If you own a leasehold retirement property, you may face significant fees from the leaseholder for administrative actions such as subletting or keeping pets.