Interest on management fee

M

MBRC

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The lease agreement states interest will be a set rate ."...over the rate of interest charged by.." a particular bank on the date the sum is payable.

Can anyone advise where I could get historical rates and shed any light on what type of interest rate this is? Is it a standard lending rate?
 
MBRC said:
The lease agreement states interest will be a set rate ."...over the rate of interest charged by.." a particular bank on the date the sum is payable.

Can anyone advise where I could get historical rates and shed any light on what type of interest rate this is? Is it a standard lending rate?
Click to expand...

Ring the management company and ask them what rate they mean.
 
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