Basic Search  |  Summaries  |  Advanced SearchPenalty: £0
Year: 2022
Date: 24 August, 2022
Offence Group: consumer-protection-related offences
Offence Type: consumer protection violation
Violation Description: Nine businesses who purchased freeholds from Taylor Wimpey made undertakings with the CMA to remove contract terms that caused ground rents to double in price every 10 years, and remove contract terms that caused ground rents to increase in line with the Retail Price Index, and refund leaseholders who had already paid out under doubled ground rent terms, addressing concerns by the CMA that the original clauses were unfair.
Action Type: agency action
Settlement Type: Undertaking with the CMA
Agency: Competition and Markets Authority
Source of Data: (click here)