Freeholder legal cost

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    Freeholder legal cost

    Hi everyone.
    i am freeholder of a building.
    A flat owner is selling his lease.
    his solicitor has given £200 undertaking to my solicitor as the freeholders cost to start the work. My solicitor says that £200 is government suggestion Fees for freeholder costs and he’s asking me another £500 to proceed with the works, and might even go higher.
    is it normal for freeholder to spend money when a lease is being sold and there is no gain for freeholder in this transaction?
    Many Thanks for reading.

    #2
    What makes you think that the freeholder has the right to charge anything at all???

    What does the lease say about charging?

    What work are you talking about -- or is it "made up by solicitor" work?

    Comment


      #3
      No it's not. You need to get a new solicitor.
      There is no such thing as "government suggested cost" but buyer should cover it regardless

      Comment


        #4
        The freeholder bears their own running costs, except those specified in the lease.

        Maintaining a list of lessees is a running cost, as is the cost of stamps to post out ground rent demands (if any) for example.
        If the freeholder chooses to engage a solicitor to maintain the list of lessees (why on earth is that needed) then they pay for that themselves unless the lease specifies otherwise.

        Comment


          #5
          I think the OP may refer to the costs of an LPE1. There is not (yet) a legal cap on charges. We charge £200 - £450 depending on the location and complexity of the management and the volume of attachments. Insurance schedule, policy, property risk presentation, revaluation report, Fire Risk Assessment, Asbestos Report, Lift report (s) , Lift insurance policy, Lift insurance schedule Service Charge summaries, budgets demands even sometimes copies of invoices etc.

          Comment


            #6
            The charges for completing a LPE1 form are outrageous and should not vary according to location, it is simply a matter of ticking boxes and supplying standard information, which can be saved and used time and again. The cost of updating the information is negligible,

            Comment

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