# Is it better to buy Ground Rent to stop it paying every year?

**URL:** <https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113>\
**Category:** Property Investment\
**Created:** [5 March 2024 16:30 UTC](https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113 "2024-03-05T16:30:00Z")\
**Posts on this page:** 5\
**Page:** 1

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**Author:** ![george123](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/george123/32/450_2.png) [@george123](https://community.openrent.co.uk/u/george123)\
**Post date:** [5 March 2024 16:30 UTC](https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113/1 "2024-03-05T16:30:00Z")

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Hi,  
A friend of mine is paying £1 / year as ground rent.

The agency which charges sent a letter to him saying if **he pays £100 he can buy out the ground rent** and he does not need to pay anymore ground rent.

Is it better to buy it out?  
Do we need a solicitor to buy out the ground rent?  
Hope we need to apply to the land registry as well.

Thanks

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**Author:** ![tatemono](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/tatemono/32/19789_2.png) [@tatemono](https://community.openrent.co.uk/u/tatemono)\
**Post date:** [6 March 2024 13:45 UTC](https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113/2 "2024-03-06T13:45:17Z")

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is it better? Well, does he plan to live for 100 more years?

prob not

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**Author:** ![David89](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/david89/32/1863_2.png) [@David89](https://community.openrent.co.uk/u/David89)\
**Post date:** [12 March 2024 01:24 UTC](https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113/3 "2024-03-12T01:24:22Z")

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That sounds a bit weird. Buying out the ground rent is usually part of a lease extension process which involves solicitors. That may be worthwhile if the lease is short but will cost a few K in legal fees. Unless the agreement in question actually varies the lease it will have no legal standing and can just be reversed.

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**Author:** ![george123](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/george123/32/450_2.png) [@george123](https://community.openrent.co.uk/u/george123)\
**Post date:** [16 March 2024 13:40 UTC](https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113/4 "2024-03-16T13:40:06Z")

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Thanks @David89 for the reply

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**Author:** ![system](https://yyz1.discourse-cdn.com/flex031/user_avatar/community.openrent.co.uk/system/32/11_2.png) [@system](https://community.openrent.co.uk/u/system)\
**Post date:** [16 August 2024 01:51 UTC](https://community.openrent.co.uk/t/is-it-better-to-buy-ground-rent-to-stop-it-paying-every-year/62113/5 "2024-08-16T01:51:24Z")

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Closed on 16 August 2024 01:51 UTC