Consumer Price Index from July 2023
As a general rule, the ground rent (pitch fee as a legal term) will only be changed by a percentage equivalent to any change in the Consumer Price Index since the last review date, unless residents and park owner have come to another arrangement whereby additional facilties have been given. Ground rents may only be reviewed once a year.
PLEASE NOTE: The Mobile Homes (Pitch Fees) bill was granted Royal Assent on 2nd May 2023 and became law on 2nd July 2023.
What this means for you as a park home resident in either England or Wales, is that on and from 2nd July 2023 the inflationary index to be used by park owners in all pitch fee reviews will be the Consumer Price Index (CPI) . For all Scottish residential parks, Retail Price Index (RPI) , is still being used.
PLEASE NOTE; The figure now shown in July and beyond is at the CPI rate.