<p>Taylor Wimpey is making a provision of around £130 million for tackling issues arising from the firm’s use of doubling ground rent clauses following a review of these lease structures.</p> <p>In a trading statement issued on April 27 the firm said: “The latter stages of the review have focused on a specific lease structure which provides that the ground rent doubles every 10 years until the 50th year, at which point the rent is capped. </p> <p>“This lease structure was introduced by Taylor Wimpey in good faith in 2007. It was one of a variety of lease types used on new developments during that period until late 2011, when we stopped using them on new developments commenced after that date. </p> <p> “The doubling clauses are considered to be entirely legal and are clearly set out in the relevant lease documentation. In addition, when buying their Taylor Wimpey property, all customers received independent legal advice as part of the standard conveyancing process.</p> <p> “However, notwithstanding the above, it is clear from our review that the impact of these doubling rent review clauses is now causing some of our customers understandable concern. We acknowledge that the introduction of these doubling clauses …