tribunal decision on lease extension premiums

aurora1

Member

Join Date: Nov 2020

Posts: 4
#1

tribunal decision on lease extension premiums

02-12-2020, 16:54 PM

Dear all
Probably a stupid question, but here we go:
If I suggest a reasonable premium in my offer to extent my lease, the freeholder suggest their price, we go to the tribunal and they judge it is close to the freeholder's price. Do I then have to extend my lease, or can I withdraw (covering the freeholder's costs of course). I think probably the former but perhaps not?

Regards
Aurora
Tags: None
sgclacy

Senior Member

Join Date: Dec 2006

Posts: 1692
#2

02-12-2020, 19:08 PM

You can withdraw at anytime but have to pay certain aspects of the landlords costs - but not all and not the landlords costs of attending the Tribunal.
Comment
Section20z

Senior Member

Join Date: Jul 2019

Posts: 1028
#3

03-12-2020, 07:39 AM

Yes you can withdraw but you'd need to be a total muppet. Just get proper valuation carried out.
It would though make sense for legislation to be reciprocal so freeholders could indeed force lessees to extend. Could help with CGT planning.
Comment

Previous template Next

Reply to Directors of rmc have breached the s.24 tribunal order to hand over management

by Gordon999

I think the new manager is responsible for managing the service charge account after the appointment date and for the period going forwards. This person has to inform all leaseholders of change of manager and change their bank standing orders to pay money to the new manager's bank account.
...
- Channel: Long Leasehold Questions
27-01-2021, 13:19 PM
Directors of rmc have breached the s.24 tribunal order to hand over management

by SHill

Hi

Can someone give me advise. I have been successful at First Tier Tribunal (Property Chamber) to Appoint a Manager Pursuant to S.24 LTA 1987. The Tribunal appointed a manger but the Directors of the RMC (Respondent) has not comply to handover the information by June 2020.
...
- Channel: Long Leasehold Questions
26-01-2021, 14:15 PM
Next door's basement 'belongs' to me?

by Lenin12
A bizarre one...
1. Title plan covers the entirety of my residential home.
2. My lease states that my demise includes '...the cellars below the said building.'
All very straightforward so far.

However the construction of the adjacent buildings is such that the building next door can...
- Channel: Long Leasehold Questions
27-01-2021, 10:18 AM
Reply to Next door's basement 'belongs' to me?

by Lawcruncher

The usual question involves asking if the cellar immediately below a flat not expressly included and to which the leaseholder has exclusive access is in fact included. In most cases the answer is going to be that it is unless the lease specifically provides to the contrary. Here we have a case I have...
- Channel: Long Leasehold Questions
27-01-2021, 12:19 PM
Reply to Directors of rmc have breached the s.24 tribunal order to hand over management

by eagle2

Unfortunately the new manager is answerable only to the FTT and not to you or other leaseholders. As Andrew explained, she has the power to take legal action against any party which is preventing her from carrying out her duties, which again are set out by the FTT. She can decide if she needs fresh...
- Channel: Long Leasehold Questions
27-01-2021, 07:03 AM
Surveyors report in respect of the roof of one of the flats

by surreygirl

We had a surveyor in and carry out a survey on the building as water was coming in through the roof of the house at the top and all the render required to be replaced.as well as drain pipes and gutters.

In the surveyors report he has stated that where there is a roof over one of the flats...
- Channel: Long Leasehold Questions
26-01-2021, 16:01 PM
Reply to Surveyors report in respect of the roof of one of the flats

by Gordon999

Our block had similar problem with damp patches on walls in 3rd floor flat. Much later, the problem was found when the roof was inspected and an empty plastic bottle was found stuck at top of drain pipe where it connects to the plastic guttering. The blockage had cause the rain water in the guttering...
- Channel: Long Leasehold Questions
27-01-2021, 04:13 AM
Reply to Directors of rmc have breached the s.24 tribunal order to hand over management

by Gordon999

The newly appointed manager is legally responsible for administration of service charge account for the period after appointment. She has to inform every leaseholder of her bank account number for payment of service charge and show a copy of her appointment letter by the FTT . She has to instruct...
- Channel: Long Leasehold Questions
27-01-2021, 04:00 AM
RFR Right of First Refusal Auction

by Centurino

If we can't fund the RFR and serve a withdrawal notice post auction, are there any costs to pay to the existing landlord/solicitor? If so, generally how much and what are the fees for?

And with regards to the nominated person, can this be a limited company?

Thanks...
- Channel: Long Leasehold Questions
16-01-2021, 16:53 PM
Reply to RFR Right of First Refusal Auction

by Gordon999

( 1) Does your estate include 13 flats + 27 Houses = 40 leasehold units ?

and paying ground rent = 8 flats at £151 p.a + 5 flats at £225 p.a + 27 houses at £155 p.a = £1208 + £1125 + £4185 = £ 6518 ?

(2) I suggest you check the name of freeholder at Land Registry Online...
- Channel: Long Leasehold Questions
27-01-2021, 03:38 AM

tribunal decision on lease extension premiums

tribunal decision on lease extension premiums

Comment

Comment

Latest Activity