Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
1 response
7,337 views
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Last Post Guest's Avatar
by Guest
 
Started by zzhallk, 13-12-2018, 09:08 AM
4 responses
134 views
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Last Post eagle2
by eagle2
 
Started by Charlie122, 13-12-2018, 19:14 PM
24 responses
199 views
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Last Post eagle2
by eagle2
 
Started by investor68, 14-12-2018, 11:36 AM
5 responses
39 views
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Last Post Lawcruncher  
Started by chris1544, 07-12-2018, 00:36 AM
11 responses
91 views
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Last Post eagle2
by eagle2
 
Started by Sahar, 12-12-2018, 21:18 PM
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Last Post eagle2
by eagle2
 
Started by Scientist, 13-12-2018, 21:35 PM
4 responses
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Last Post eagle2
by eagle2
 
Started by susansussex, 04-12-2018, 19:22 PM
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Last Post nukecad
by nukecad
 
Started by sophiejo, 21-11-2018, 12:21 PM
76 responses
1,411 views
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Last Post Gordon999  
Started by advicewelcome, 04-12-2018, 03:13 AM
7 responses
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Last Post jpkeates  
Started by FishIsland, 11-11-2018, 10:17 AM
33 responses
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Last Post leaseholder64  
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  • Fired by our Management agent!
    zzhallk
    Dear all. Any advice appreciated. We are a RTM co for a property up North which we set up a few years ago using a London based company to help us the process of RTM. We've kept using them for accounting etc since but unfortunately after various issues the relationship has deteriorated and we have just...
    13-12-2018, 09:08 AM
  • Reply to Fired by our Management agent!
    eagle2
    The RTM company does not need to open a bank account itself unless it has monies of its own which is unlikely. It can be quite time consuming to open an account, all the bank signatories would need to attend the bank, provide proof of id and produce the original certificate of incorporation and the...
    14-12-2018, 15:40 PM
  • Undercharged Service Charge
    Charlie122
    I'm in the middle of buying a leasehold flat. Our solicitor has discovered that the current owners are paying 10% service charge but the lease states that they should be paying 12%. We are not aware how long the owners have been paying 10%. The leases for the other flats state that they should be paying...
    13-12-2018, 19:14 PM
  • Reply to Undercharged Service Charge
    eagle2
    If there is no filing history at Companies House referring to “resolution – Memorandum and/or Articles of Association” it means that the Articles have not been changed and the management company is unable to charge monies to shareholders under the Companies Act. That in turn means that the Company...
    14-12-2018, 15:28 PM
  • Landlord charging to "register" Tenancy Agreement - allowed?
    investor68
    Hi

    I'm a new member and hoping someone might be able to help me.

    I've owned a Buy to Let purpose built flat for more than 10 years. When I first owned it the Landlords tried to charge me for permission to let my flat. A group of tenants took collective legal action against...
    14-12-2018, 11:36 AM
  • Reply to Landlord charging to "register" Tenancy Agreement - allowed?
    Lawcruncher
    The lease says: "...and to pay them the fee of £25 (or such higher fee as the Lessor shall deem requisite)". That gives the tenant a choice: he either pays (a) £25 or (b) such higher fee as the Lessor shall deem requisite. What the drafstman meant was: "...and to pay them the fee of...
    14-12-2018, 14:33 PM
  • Reply to Landlord charging to "register" Tenancy Agreement - allowed?
    JK0
    If this freeholder is who I think it is, I very much doubt they will do anything with the information other than file it....
    14-12-2018, 14:22 PM
  • Reply to Landlord charging to "register" Tenancy Agreement - allowed?
    leaseholder64
    The lease says at least £25, so does provide for £120. However, there is an overriding requirement that the fee be reasonable.

    When extending some of our leases, in 2011, the solicitor flatly refused to use the £10 registration fee from leases than had been extended in 1998, insisting...
    14-12-2018, 13:26 PM
  • Reply to Undercharged Service Charge
    leaseholder64
    No. The consequence is that those flats can request the FTT to vary the leases to remove the problem. I think the FTT may also be able to specify one off payments and refunds to correct the historic problem, but I haven't read all the detail to check that.

    The relevant legislation is ...
    14-12-2018, 13:15 PM
  • Reply to Fired by our Management agent!
    Gordon999
    The RTM company ( i.e the directors ) can open a "client account" at the same bank as the existing one.
    14-12-2018, 13:10 PM
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