CMA issues update on ground rent investigation
19/03/2021
The Competition and Markets Authority has today confirmed that it requires Countryside and Taylor Wimpey to remove the onerous ground rent review provisions in affected leases. The announcement does not contain sufficient detail to establish whether Countryside and Taylor Wimpey can replace the onerous terms with alternative ground rent provisions or if the ground rent must be expunged entirely. We await further detail. The full statement from the CMA can be found here.