FAQ On Leasehold Property Issues-Your Answer Might Be Here

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leaseholdanswers

Senior Member

Join Date: Jun 2010

Posts: 15747
#1

FAQ On Leasehold Property Issues-Your Answer Might Be Here

29-05-2014, 08:36 AM

What Ho

Many problems on the forum are solved by reference to the same law and principles.

Do please read the threads below as, in many cases, by gaining an understanding, you can answer your own question.

A common mistake is to stop reading at the first bit that sounds "right", but read on, as these issues often have several bits or variations.

Health Warning: The law and principles do change from time to time ( and sometimes even the Courts are not sure), there are always the exceptions and wrinkles, and therefore these cannot cannot always apply to the specific situation you are in. The posts are intended to inform and assist you researching your problem or issue.

IF YOU DO HAVE A NEW QUESTION- PLEASE DO NOT REPLY TO THIS OR ANY OF THE LINKS
AND CREATE A NEW THREAD IN THE MAIN PAGE.
CLICK HERE http://www.landlordzone.co.uk/forums...hold-Questions

1 Is the Service Charge/Ground Rent Bill “legit”?

http://www.landlordzone.co.uk/forums...alid-%E2%80%9D

2 Late Payment Or Solicitors Fees- Do I have to Pay?

http://www.landlordzone.co.uk/forums...-Late-payment-

3 Do I Need Permission To, Or Pay For, Alteration Or Conversion?

http://www.landlordzone.co.uk/forums...rges-SC-and-GR

4 Do I Need Permission To Or Pay For Subletting My Flat

http://www.landlordzone.co.uk/forums...s-and-consents

5 Is There a Code of Practice For Agents?

http://www.landlordzone.co.uk/forums...de-of-Practice

6 Do I have Rights To Find Out What My Service Charge Was Spent On ?

http://www.landlordzone.co.uk/forums...-LTA-1985-s-21

7 FAQ Service Charges And Bank Accounts

http://www.landlordzone.co.uk/forums...-Bank-Accounts

8 FAQ on leases freeholds and the myth of Share Freehold

http://www.landlordzone.co.uk/forums...ead-in!-part-1

9 Organising Major Works As A Flock Of Residents

http://www.landlordzone.co.uk/forums...and-Priorities

10 Buying the Freehold - What the Books and Some Pros Don't tell You

http://www.landlordzone.co.uk/forums...9t-Tell-You-P1

Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.
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leaseholdanswers

Senior Member

Join Date: Jun 2010

Posts: 15747
#2

30-09-2014, 17:12 PM

Coming soon Service Charge Accounting.

Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.
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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

FAQ On Leasehold Property Issues-Your Answer Might Be Here

FAQ On Leasehold Property Issues-Your Answer Might Be Here

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