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1000 Year Lease On Ground Water Rights In London

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Hi guys,

First post here and I am looking for some advice.

I have inherited a lease to Thames water in London, basically the ground water table so the right to pump water in the area of Barking. The lease is on a 1000 year term and I believe it was drawn up in the 1700-1800's

Obviously we still have a long way to go on this one but its valued at £40 per year.

It's quite frustrating as I feel it should be worth significantly more now.

Is there anything we can do?

I do know they missed payments for 14 years about 5 years ago but unfortunately a stupid family member decided to inform them and reinstate payments. Apparently after 15 years the lease is revoked so we were all very annoyed when they did this.

I have a feeling they will not forget again.

Any help would be greatly appreciated.

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Does this website seem like a good place to ask for advice on how to extract more rent from people who pay water bills in the Thames Water area?

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