13/02/2023
You must have heard of people that got new apartment, only to realize after moving into the house that they have inherited debts that could be more than the house rent they paid..🤨 YES! I have seen such cases.
This is the same thing with C of O lands. After getting C of O, the holder is expected to pay ground rent yearly. Trust people, and the lax tax system we find ourselves in, they don’t pay. For every year the person defaults in paying this rent, there are more penalties.
If you buy such land and want to apply for Governor’s Consent, the Land registry tax department will compute the ground rates unpaid from the time the C of O was obtained.
So, verify to know the exact amount of debt you are inheriting before paying for the house.
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Why must government even be requesting for ground fee after asking for money to issue C of O?
To verify a land, or C of O, you can use our services.
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