Long Leasehold Questions

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Sticky: FAQ On Leasehold Property Issues-Your Answer Might Be Here by leaseholdanswers Started by leaseholdanswers, 29-05-2014, 08:36 AM	1 response 8,355 views 0 likes	Last Post by Guest 30-09-2014, 17:12 PM
Lease extension - should I pursue non statutory? by theta Started by theta, 25-09-2020, 07:56 AM	8 responses 51 views 0 likes	Last Post by theta 25-09-2020, 20:49 PM
Front garden to parking by mikkimolly Started by mikkimolly, 25-09-2020, 15:10 PM	2 responses 19 views 0 likes	Last Post by scot22 25-09-2020, 19:00 PM
Enfranchisement of Head Lease? by Bengt Lagander Started by Bengt Lagander, 24-09-2020, 14:33 PM	2 responses 21 views 0 likes	Last Post by flyingfreehold 24-09-2020, 18:45 PM
RTM Company secretary by Andrew Clark Started by Andrew Clark, 23-09-2020, 08:02 AM	2 responses 44 views 0 likes	Last Post by Gordon999 24-09-2020, 18:00 PM
Responsibility of window frames by charlie8899 Started by charlie8899, 23-09-2020, 08:05 AM	9 responses 90 views 0 likes	Last Post by AndrewDod 24-09-2020, 17:07 PM
Leaseholder refusing to complete repairs by batterseaboy Started by batterseaboy, 23-09-2020, 16:43 PM	3 responses 53 views 0 likes	Last Post by scot22 24-09-2020, 15:25 PM
Extending a lease as a co freeholder. Leases are of different lengths by Deneb Started by Deneb, 28-01-2020, 21:13 PM	6 responses 96 views 0 likes	Last Post by MrSoffit 24-09-2020, 13:15 PM
Tracing Freeholder by cjramona Started by cjramona, 22-09-2020, 13:06 PM	3 responses 62 views 0 likes	Last Post by cjramona 24-09-2020, 08:18 AM
S168 by Anna1985 Started by Anna1985, 25-08-2019, 18:30 PM	20 responses 382 views 0 likes	Last Post by sgclacy 24-09-2020, 07:22 AM
Rats by ETB Started by ETB, 21-09-2020, 22:15 PM	8 responses 150 views 0 likes	Last Post by gnvqsos 22-09-2020, 20:03 PM

Lease extension - should I pursue non statutory?

by theta

I received a section 42 notice for a statutory lease extension for a flat where I own the freehold. There are 87 years remaining on the lease, and ground rent review is every 10 years linked to RPI (next review 2027).
My appointed managing agent recommended a solicitor with experience on this,...
- Channel: Long Leasehold Questions
25-09-2020, 07:56 AM
Reply to Lease extension - should I pursue non statutory?

by theta

It's not doubling every 10 years, it's reviewed every 10 years in line with RPI....
- Channel: Long Leasehold Questions
25-09-2020, 20:49 PM
Reply to Lease extension - should I pursue non statutory?

by theta

Not 23 years, I mentioned 200 years instead of 90, and I could have said 1000 years, that's not really the point.
The point is that the statutory route prescribes a specific lease extension, leaving only the price up to negotiation.
I'm considering offering an alternative that could be a...
- Channel: Long Leasehold Questions
25-09-2020, 20:43 PM
Reply to Lease extension - should I pursue non statutory?

by flyingfreehold

let the stat extn take its course. ten year doubling ground rents are unconscionable, the maths is that they equate to a 7.% annual compound. The traditionaly 33 year doubler is equivalent to an annual compound rate of 2.12% and 25 yearly equals to 2.7% compound rate. I am pretty sure the Government...
- Channel: Long Leasehold Questions
25-09-2020, 20:37 PM
Reply to Lease extension - should I pursue non statutory?

by MrSoffit

So one of your lessees has instructed and paid a solicitor and presumably a valuer too to exercise a legal right to have a lease etxension +90 years (87+90 = 177 years) with peppercorn ground rent - and you ask here if there is any danger to you cutting through the legal process and offering an informal...
- Channel: Long Leasehold Questions
25-09-2020, 19:48 PM
Front garden to parking

by mikkimolly

I have a long lease on a flat in a Victorian converted building with a demised parking space on the driveway. The Landlord is currently selling the two other flats in the building, which previously were tenanted. To make them more profitable he has concreted over the front garden to create a parking...
- Channel: Long Leasehold Questions
25-09-2020, 15:10 PM
Reply to Front garden to parking

by scot22

I would object. Nobody should be allowed to ignore the lease. He has taken away an amenity. Where will water drain that went on the garden.

I'm sure if you wanted to do something that increased the value of your flat he would want compensation.

I would politely inform him...
- Channel: Long Leasehold Questions
25-09-2020, 19:00 PM
Reply to Front garden to parking

by nukecad

You could challenge it but what do you hope to gain by that?

Have you actually been deprived of anything other than a notional right to common space?

Your quotation marks do not make it clear what the lease actually says; I'm guessing that you have missed parts out?
- Channel: Long Leasehold Questions
25-09-2020, 18:41 PM
Reply to Lease extension - should I pursue non statutory?

by sgclacy

My approach would be this

I would write to the solicitor acting for the lessee offering to extend the lease term and keeping the ground rent the same and if they accept that offer there will be no valuation fee just your legal costs. The deal to be completed before the expiry of the time...
- Channel: Long Leasehold Questions
25-09-2020, 15:11 PM
Reply to Lease extension - should I pursue non statutory?

by Section20z

Good point about section 42, you would need firm deal before the 2 month deadline. I wonder if you might be better off with the statutory route (after getting your own more favourable valuation) . You never know if a future Labour government might abolish ground rent altogether...
- Channel: Long Leasehold Questions
25-09-2020, 10:25 AM

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