Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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  • Accounting for RMC
    by SHill
    Would anyone be able to advise if a RMC can raise sales invoices to Directors, for property expenses that relate to their leasehold properties. The sales invoices raise are itemised in the Notes to the service charges at. 4. Transactions with Directors and 5. Related party transactions
    09-02-2021, 22:41 PM
  • Reply to Accounting for RMC
    by eagle2
    The ICAEW appears to be stating that the accountant should take a neutral position and not become involved in any dispute. So the accountant should be giving similar advice to the other leaseholders. It tells you that there is no point complaining to the ICAEW at this stage.

    You could ask...
    30-07-2021, 06:13 AM
  • Service charge risk for leaseholder in partially unsold property?
    by michael_bates
    Hello,

    I am in the process of buying a leasehold apartment in a newly completed block of 32 residential flats plus one commercial space. None of the properties are sold yet as the object has just come on the market, after the developer went bust and receivers were instructed to sell the...
    29-07-2021, 22:13 PM
  • Reply to Service charge risk for leaseholder in partially unsold property?
    by eagle2
    If your solicitor is unable to answer your questions, you should consider changing solicitor.

    The clause states that you are only responsible for paying your share of the service charges from the date of your lease. There should be another clause within the lease which states how your share...
    30-07-2021, 04:54 AM
  • Reply to Accounting for RMC
    by SHill
    The Accountant said in an email....

    " I also note you have placed yourself as the person(s) of significant control at Companies House and this is also incorrect."

    Is he correct?...
    29-07-2021, 22:05 PM
  • Reply to Accounting for RMC
    by SHill
    Another response from Accountant

    "I refer to your email below. I am afraid you are wrong in your analysis of the situation in some respects below. I have checked the position with the ICAEW myself, and we went through our rule book on the handover of information and they drew my...
    29-07-2021, 16:37 PM
  • Reply to Building damage?
    by ram
    Not to put a damper on things, but insurance is for accidents / unforseen occurences / trees falling on building / cars.- etc

    Insurance does not cover for deliberate acts which caused a fault.
    Thats why why drill round holes in bricks, put a plug in it then screw though the plug.
    ...
    29-07-2021, 13:05 PM
  • Building damage?
    by lampshade
    I have noticed that one of the 3 blocks has some studs hammered into the brickwork in one corner. There are also cracks running down the bricks. I am guessing that these studs are markers made by an engineer at some point, suggesting a structural issue maybe.
    In the event that any further opening...
    29-07-2021, 11:11 AM
  • Reply to Building damage?
    by lampshade
    Within the service charge there is of course a charge for Insurance. Presume if any work ever needs doing it would come from that Insurance policy? And then possibly an increase in future Insurance cost
    29-07-2021, 12:33 PM
  • Reply to MOA states the directors can appoint a chairman for meetings
    by Starlane
    Yes Eagle2 that is my concern, that we have directors who are self interested ( what a surprise NOT at my block), they are in breach of the lease themselves (what a surprise NOT at my block), I also believe there has been collusive fraud going on regarding hidden insurance commission and a directors...
    29-07-2021, 12:32 PM
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