The ground rent market has undergone significant changes over the last few years. With continued uncertainty in global markets, freehold investment remains a relatively secure vehicle allowing for reliable, long term returns above rock bottom interest rates.
Consequently, the profile of investors has altered with many large institutions and investment funds choosing to enter the ground rent market. Freehold portfolio values have increased and the demand for efficient, commercial collection of overdue ground rents and associated charges is now essential.
Ground rent arrears can no longer be regarded as an afterthought to service charge recovery and the ability to manage large volumes with accurate and detailed financial reporting is a key requirement for ground rent managers when appointing a solicitor.
At JB Leitch, we act for many of the largest ground rent management companies in the UK, specialising in customised ground rent collection services on both criteria and non-criteria ground rent debts.
We have established systems for evaluating the legal avenues open for cost-effective recovery of even the smallest sums. Ground rents can be collected in isolation or we can run volume linked service charge collections liaising with multiple property management companies on the landlord’s behalf ensuring information is shared and updated simultaneously.
Our reporting capabilities are second to none allowing us to provide detailed analysis for different portfolios and investors.