What is ground rent?

Because leasehold is a tenancy - it is subject to payment of rent. Trafford Housing Trust's ground rent is a nominal £10 paid annually in advance on 24th June. Ground rent is a specific requirement of the lease and must be paid on the due date.

What is Block Insurance?

This is to provide indemnity against specified risks of accidental loss, destruction or damage to the block (fire, flood and earthquake). This is an annual charge based on the rebuild value of your property. You must let Trafford Housing Trust know immediately if you sub-let your property. Sub-letting could affect your insurance.