Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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by Guest
 
Started by CBH, 10-11-2017, 08:40 AM
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Last Post flyingfreehold  
Started by Gyps, 19-03-2018, 14:41 PM
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by Gyps
 
Started by dericS, 18-03-2018, 11:06 AM
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by dericS
 
Started by mulberry49, 16-03-2018, 08:29 AM
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Last Post Gordon999  
Started by Roger carter, 16-03-2018, 10:54 AM
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Started by Tractor12, 15-03-2018, 09:04 AM
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Last Post Lorimer
by Lorimer
 
Started by sjp20, 14-03-2018, 14:20 PM
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by Lorimer
 
Started by Danmatthews, 13-03-2018, 22:42 PM
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Last Post Gordon999  
Started by 16smrlandlordzone, 10-03-2018, 13:02 PM
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by Benzo
 
Started by Lorimer, 11-03-2018, 08:14 AM
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  • Managing Agents Massively Screwed Up Section 42
    by divadee
    We are the freeholders to a block of flats. We own the freehold in a limited company.

    Apparently one of the flats issued a Section 42 back in April with a date of July for any counter offers.

    Our managing agents have only just told us about this TODAY and we are way out of...
    04-08-2020, 12:24 PM
  • Reply to Managing Agents Massively Screwed Up Section 42
    by sgclacy
    The statutory price assuming 85% relativity gives a result of £15,250 (Capitalization rate 6% - but that hardly matters, 5% for deferment rate - in line with Sportelli)

    So you are down £5,000 - so as I suggested earlier everyone takes a haircut - now it would be £1650 each - it really...
    09-08-2020, 22:58 PM
  • Reply to Managing Agents Massively Screwed Up Section 42
    by divadee
    We have learnt a bitter hard lesson about this. We will be doing this through our solicitor. We just thought we could rely on the managing agents, as they are company secretary's for the freehold company but live and learn.

    Hopefully it will all be over one day, us moved out and onwards...
    09-08-2020, 20:16 PM
  • Reply to Managing Agents Massively Screwed Up Section 42
    by divadee
    S42 amount - 10,052
    lease length- 64 years
    property location - central south coast (where everyone is flocking too currently 😉)
    property value with a long lease - approx £160,000
    ground rent - £25 doubling every 25 years

    Thank you for any help in advance....
    09-08-2020, 20:13 PM
  • Freeholder Roof Maintenance
    by Matt F
    Hello. My flat is rented out - it's a leasehold and managed by a management company on behalf of an investment company who are the freeholder. Recently, while undertaking some other works, the surveyor noticed that the roof was sagging. Further investigation with a structural engineer has revealed that...
    09-08-2020, 17:48 PM
  • Reply to Freeholder Roof Maintenance
    by Anna1985
    If I am not mistaken you are to have a new roof every 25 years? So it is worth bearing it in mind....
    09-08-2020, 19:31 PM
  • Reply to Freeholder Roof Maintenance
    by scot22
    Are owners working together ? If so commit to sharing the cost of disputing the charge.
    I think it essential to engage surveyor with leasehold knowledge to advise both on work and responsibility.
    It will cost so I suggest an escrow account to protect interests.
    09-08-2020, 18:25 PM
  • Building with FH owning commercial units and flats
    by Stacker
    Hi
    I have been reading through a lease for a property with a commercial shop on the ground floor and two flats above...the Flat leases pay ground rent but the service charge apportionment is unclear....it does not state a percentage and I cant see it is apportioned by area the only percentage...
    09-08-2020, 17:16 PM
  • Reply to Tools for RTMC & Block self-management experience
    by scot22
    The list is long because it is an onerous responsibility. My mantra was is everyone does a little no-one has to do a lot. Unfortunately everyone didn't.
    Remember people will move and new owners have different attitude. My experience is limited to one block but also voluntary organisations....
    09-08-2020, 12:50 PM
  • Tools for RTMC & Block self-management experience
    by stokey83
    Hi,
    1) We shall soon acquire the management function of our block (RTMC) and do not intend to appoint a managing agent. What are the simple tools available online for managing company accounts / service charges, contractors, maintenance/repairs, building docs, etc?
    2) I am also interested...
    07-08-2020, 15:48 PM
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