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 6,958 views 0 likes	Last Post by Guest 30-09-2014, 17:12 PM
service charge based on rateable values by Foreverleaseholder Started by Foreverleaseholder, 20-04-2018, 10:40 AM	9 responses 89 views 0 likes	Last Post by Lawcruncher 21-04-2018, 21:03 PM
Director Issues by amog78 Started by amog78, 21-04-2018, 16:57 PM	3 responses 26 views 0 likes	Last Post by leaseholder64 21-04-2018, 18:52 PM
Ground Rent Term 2 question by KarenL Started by KarenL, 21-04-2018, 13:08 PM	2 responses 45 views 0 likes	Last Post by KarenL 21-04-2018, 18:15 PM
Costs to get FTT decision on the terms of collective enfranchisement by Lorimer Started by Lorimer, 16-04-2018, 09:26 AM	6 responses 111 views 0 likes	Last Post by Lorimer 21-04-2018, 15:58 PM
RTM Handover by Cardill Started by Cardill, 20-04-2018, 20:09 PM	6 responses 48 views 0 likes	Last Post by Cardill 21-04-2018, 11:15 AM
Maintainence fees - no sink fund by jonnymno1 Started by jonnymno1, 20-04-2018, 16:20 PM	3 responses 32 views 0 likes	Last Post by leaseholder64 21-04-2018, 09:20 AM
Long Leasehold and Gas/Electricity by stebiz Started by stebiz, 20-04-2018, 17:10 PM	1 response 30 views 0 likes	Last Post by Gordon999 21-04-2018, 02:47 AM
Building affected by Japanese Knotweed by Carine Started by Carine, 18-04-2018, 21:12 PM	3 responses 81 views 0 likes	Last Post by paulamis 20-04-2018, 21:16 PM
Works by UK Power needing a s.20 by Emilycarter Started by Emilycarter, 18-04-2018, 14:07 PM	2 responses 53 views 0 likes	Last Post by Emilycarter 20-04-2018, 16:39 PM
Professional fees and indemnity by Gyps Started by Gyps, 13-04-2018, 13:21 PM	2 responses 61 views 0 likes	Last Post by Gyps 20-04-2018, 15:31 PM

service charge based on rateable values

Foreverleaseholder

I own a leasehold flat in a building of 4 flats - different sizes, mine is the smallest-almost a studio flat (3 leasehold flats + 1 freeholder’s flat).
Since I bought the flat the freeholder has been calculating the service charge by simply dividing the costs four ways.
Very recently...
- Channel: Long Leasehold Questions
20-04-2018, 10:40 AM
Reply to service charge based on rateable values

Lawcruncher

That reads like a summary of the clause and does not quite make sense. Please quote the exact wording. In the meantime, assuming the effect of the clause is that each flat pays a proportion according to rateable value and does not elaborate further, then I think you have to go by the rateable values...
- Channel: Long Leasehold Questions
21-04-2018, 21:03 PM
Director Issues

amog78

I own a share of the Freehold. There are 24 flats in the complex, 16 of which took up the opportunity to purchase the freehold, including myself. The remaining 8 flats are Leasehold and therefore pay Ground Rent and Service Charge. Our Directors have recently decided that the Ground Rent paid by the...
- Channel: Long Leasehold Questions
21-04-2018, 16:57 PM
Reply to Director Issues

leaseholder64

That should, of course, have been corporation, not cooperation, tax, as no-one wants to cooperate in paying tax!

As well as corporation tax, those receiving the dividends would need to declare them on their tax returns, although it is possible that they would be below the dividend threshold....
- Channel: Long Leasehold Questions
21-04-2018, 18:52 PM
Ground Rent Term 2 question

KarenL

Hi,

I've been reading this forum for quite some time and found it to be REALLY useful. We have 4 houses which we rent out, so thanks for all the posts.

I thought I would ask my first question as I have googled this and can't find anything.

One of our properties...
- Channel: Long Leasehold Questions
21-04-2018, 13:08 PM
Reply to Ground Rent Term 2 question

KarenL

Thank you so much for that.

Just one (maybe silly) question.
Why is it £1 and not £25 (which is the real ground rent).

Oh and the reason for all this is that the landlord/freeholder has asked for almost £5,000. All our enquiries have shown it to be around £350
- Channel: Long Leasehold Questions
21-04-2018, 18:15 PM
Reply to Director Issues

leaseholder64

Also, how is the cost of, at least, filing confirmation statements being funded, if not from the ground rents?

You also still have to pay service charges.
- Channel: Long Leasehold Questions
21-04-2018, 17:10 PM
Reply to Director Issues

leaseholder64

All 24 flats are still leasehold.

Buying out he freehold doesn't change the leases, so you still have to pay ground rent.

You are confusing the members of the company that owns the freehold, with the freeholder. The company is the one and only freeholder.

I think...
- Channel: Long Leasehold Questions
21-04-2018, 17:07 PM
Costs to get FTT decision on the terms of collective enfranchisement

Lorimer

We are in the middle of a Section 13 collective enfranchisement claim to purchase our freehold. The freeholder's counter notice stated that he wanted more money than we offered and also stated that we are not entitled to include the large communal garden to the side of the building in our enfranchisement...
- Channel: Long Leasehold Questions
16-04-2018, 09:26 AM
Reply to Costs to get FTT decision on the terms of collective enfranchisement

Lorimer

1. The garden is on the same freehold title as the building in which the flats are located.
2. Leaseholders have paid grounds maintenance monies over the course of c.20 years for the upkeep of the garden.

We have been advised that the garden cannot be classed as appurtenant land because...
- Channel: Long Leasehold Questions
21-04-2018, 15:58 PM

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