Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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Started by Harwood, 29-11-2016, 17:00 PM
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Started by jicms, 20-11-2016, 20:01 PM
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Started by fos333, 28-11-2016, 18:21 PM
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Started by fos333, 28-11-2016, 13:04 PM
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Started by funchal, 28-11-2016, 15:19 PM
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Started by stephenjharding, 27-11-2016, 12:45 PM
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Started by Peteatred, 03-11-2016, 15:54 PM
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Started by Donslj, 26-11-2016, 08:01 AM
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Started by amorgan, 24-11-2016, 19:22 PM
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Started by Flashback1966, 24-11-2016, 15:54 PM
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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...
    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...
    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...
    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....
    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...
    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
    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.
    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...
    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...
    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...
    21-04-2018, 15:58 PM
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