New Leasehold reform 2018

Collapse
X
  • Filter
  • Time
  • Show
Clear All
new posts

    New Leasehold reform 2018

    What will this mean for ground rent freeholders, if reports are right some big changes are to be proposed through Parliament. Do you think ground rents will be a thing of the past? anyone noticed a decline in the market for ground rents? anyone else have any views on this ?

    #2
    This is just piling red herrings upon red herrings.

    There are massive problems in the leasehold sector which involve facilitated theft at every level, and an inability of lessees to hold freeholders to account under terms of their contract (leases) and existing leasehold law. The proposed changes do nothing whatever to address the actual problems. Ground rents are just a red herring - they are contracts knowingly entered into by consenting parties, and they factor into the sale price anyway.

    Comment

    Latest Activity

    Collapse

    • Management fees
      desamax
      Hi our lease states the FH can take 15% of total expenditure for management fees.
      They have set up a separate company and have charged ££3.5k on £16k expenditure.
      Is this allowed within the clause in our lease below.
      Thanks

      "To pay the cost of any managing agents...
      07-09-2018, 10:21 AM
    • Reply to Management fees
      leaseholder64
      He wasn't making the request as a leaseholder, but as an RTA. I don't know why he didn't make a request as an individual leaseholder, but as an RTA, the RTA has to be be recognized by the freeholder, and the freeholder can withdraw that recognition at any time, except if an FTT has ruled that the TA...
      19-10-2018, 10:32 AM
    • ownership of loft space
      katya000
      Hello,I own a long leasehold purpose built edwardian maisonette on the first floor of a 2 storey building.There is a similar flat below me.The attic is directly above my flat and only accesible from my flat.
      my lease includes the roof and i have to maintain the roof and can recover 50% of any...
      19-10-2018, 10:17 AM
    • Reply to Management fees
      eagle2
      Their response is absurd, as a leaseholder you are entitled to receive the information requested. A separate legal entity appears to manage the property and a reasonable management fee for the service provided may be recovered under the service charge provisions. The freeholder is not entitled to charge...
      19-10-2018, 10:08 AM
    • Reply to Management fees
      desamax
      Thanks Gordon999 we are aware the FH MA are one and the same, I made that point in my first post. What we cant understand is that they think they can do as they please, and to comment we are not fit to be involved in the RTA without is ludicrous....
      19-10-2018, 09:26 AM
    • Reply to Management fees
      desamax
      This is edited post #20 i was asked to remove names............


      Furthermore would you be kind enough to provide us with the following information,

      1. Copy of the Management agreement between Estates Limited & (Asset Management) Limited.

      2. Please supply...
      19-10-2018, 07:07 AM
    • 3 flats: 2 Joint Freeholders, 1 Long-Leaseholder, Request to inspect the Accounts
      Novice Freeholder
      I am a joint freeholder of 3 flats (converted house).
      The Leaseholder has written to the other joint Freeholder requesting to see the accounts.
      The Leaseholder knows that I hold the accounts, but has not sent me the Section 22 Notice.
      She has my current address.
      I understand...
      18-10-2018, 12:04 PM
    • Reply to 3 flats: 2 Joint Freeholders, 1 Long-Leaseholder, Request to inspect the Accounts
      eagle2
      Above all else, you should comply with the terms of the lease.

      You should prepare service charge accounts for each accounting period and these should be distributed to all leaseholders. See 7.10 of the RICS code of practice.

      A summary of relevant costs under s21 LTA 1985 requires...
      19-10-2018, 06:46 AM
    • Management company got rid of my stuff
      WEw152
      My Mum has a long leasehold property. She offered to store our winter wheels for the car in the cellar where people were storing bikes and garden furniture. We did not see any signage to indicate that we weren't allowed to store things down there, and the pile of other people's stuff meant that we...
      18-10-2018, 18:58 PM
    • Reply to Management company got rid of my stuff
      eagle2
      I am surprised that you agreed to store valuables in an insecure area and apparently without permission. On the other hand, the management company had a duty to enquire who owned the alloy wheels, request that they be removed and give proper warning before they were disposed. You should enquire how...
      19-10-2018, 06:45 AM
    Working...
    X