If you own a long lease on a property in England, Wales or Northern Ireland, you may have to pay rent to the freeholder or landlord of the property; this is often known as Ground Rent. If the Ground Rent is subject to a review and the landlord and tenant cannot agree on the new Ground Rent, they can make an application to RICS DRS to appoint a dispute resolver.
There is an application fee of £425.00 inclusive of VAT for the first flat in the block and there is a charge of £20 inclusive of VAT for each further flat (unit) in the block. Please note that if the units are in separate blocks you will be required to complete a separate application form of £425 for each block and the same charging structure of £20 for each unit will be applied within each block.
(Please note: If you have a Head Lease, this scheme is not applicable to you. Please contact us for more information).
To apply for DRS to appoint a dispute resolver, please complete and return the application form.