For the next few weeks, we will be providing information regarding the Rent Charge to offer guidance and clarification.
What is the Rentcharge/Park Rates ?
The Rentcharge (Park Rate) secured on the freehold of the properties in the Park Estate is calculated in accordance with the Nottingham Park Estate Act 1990. The Act provides for revision of the Rentcharge to ensure that they provide a sufficient source of income to enable the Company to fulfil its responsibilities for the upkeep and maintenance of the roads, footpaths, tree & shrub planting/pruning, gas lighting, road sweeping, collection of leaves, maintaining of the railings ands gates, the electronic gated entry/bollards entry off Castle Boulevard on Peveril Drive and general administrative costs.
The Rentcharge is collected by the Company in half yearly payments due on 1st July and 1st January and is charged three months’ in arrears and three months’ in advance.
Any queries regarding the Rentcharge/Park Rates, please email the Estate office at enquiries@nottinghamparkestate.co.uk.
The Park Estate 