Operating instructions

6 . 5 G R O U N D R E N T
PAYMENT & REVIEW ARRANGEMENTS
The rent sum, as specified in each lease and due to the Landlord, is payable in advance on 1
st
January in each calendar year. This sum will be demanded and collected yearly in advance by
Daniel Watney on behalf of the Landlord.
RENT SUMS
The Rent shall be fixed for each twenty five year period of the Term commencing on 26
th
March
2012 (“the Base Date”) -:
(a) For the first 25 years of the Term of £300.00 per annum (1 bed units) £400.00 per annum (2
bed units) £450.00 per annum (3 bed units) £500.00 per annum (4 bed units)
(b) For the next 25 years of the Term of twice the sum referred to in (a)
(c) For the next 25 years of the Term of twice the sum referred to in (b)
(d) For the next 25 years of the Term of twice the sum referred to in (c)
(e) For the remainder of the Term of twice the sum referred to in (d)
Please refer to your individual Lease for amount applicable to your apartment.