Long Leasehold Questions

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Sticky: FAQ On Leasehold Property Issues-Your Answer Might Be Here by leaseholdanswers Started by leaseholdanswers, 29-05-2014, 08:36 AM	3 responses 9,555 views 0 likes	Last Post by Moderator2 17-06-2021, 21:40 PM
Another Leaseholder accusing my Tenant of being noisy by Herbie23 Started by Herbie23, 13-02-2020, 16:38 PM	11 responses 279 views 0 likes	Last Post by nukecad 14-02-2020, 20:40 PM
Which has more sway the lease or the article of associaton by surreygirl Started by surreygirl, 14-02-2020, 12:02 PM	6 responses 80 views 0 likes	Last Post by surreygirl 14-02-2020, 14:58 PM
Taken over RTM however previous company are witholding funds and documents by robbrown92 Started by robbrown92, 14-02-2020, 13:51 PM	1 response 44 views 0 likes	Last Post by MrSoffit 14-02-2020, 14:31 PM
Defective Lease – No management company. Unhelpful Freeholder by James_RM Started by James_RM, 11-02-2020, 14:59 PM	5 responses 319 views 0 likes	Last Post by thevaliant 14-02-2020, 13:52 PM
Permission to let! by Todd H Started by Todd H, 13-02-2020, 20:13 PM	1 response 74 views 0 likes	Last Post by jpkeates 14-02-2020, 11:06 AM
Should (recoverable) VAT be paid by the leaseholders in their service charge? by AB2017 Started by AB2017, 13-02-2020, 14:38 PM	5 responses 141 views 0 likes	Last Post by jpkeates 14-02-2020, 11:03 AM
Does the owner of a flat have to tell the Right to Manage company who rents his flat by Paternoster Started by Paternoster, 13-02-2020, 13:47 PM	10 responses 176 views 0 likes	Last Post by leaseholder64 13-02-2020, 19:09 PM
Purchase of Freehold - from crazy Freeholder by Trinniewhistle Started by Trinniewhistle, 12-02-2020, 19:17 PM	5 responses 123 views 0 likes	Last Post by Trinniewhistle 13-02-2020, 18:46 PM
Insurance Provisions of Lease by SandraHope Started by SandraHope, 12-02-2020, 20:58 PM	6 responses 64 views 0 likes	Last Post by SandraHope 13-02-2020, 14:39 PM
Freeholder awarding major works contract to a contractor that he owns by AB2017 Started by AB2017, 11-02-2020, 10:42 AM	15 responses 160 views 0 likes	Last Post by AndrewDod 13-02-2020, 11:59 AM

Reply to Right To Pass and Re-Pass (Not to Obstruct)

by LondonCalling

Thank you for your reply. Is this what I understand to be "derogation from grant"?...
- Channel: Long Leasehold Questions
17-08-2022, 14:32 PM
Right To Pass and Re-Pass (Not to Obstruct)

by LondonCalling

I am the owner/occupier of a leasehold first floor flat in a converted property consisting of two flats. The freeholder owns and is the occupier of the ground floor leasehold flat. There is a passageway/right of way from the road along the side of the building to my ground floor front door entrance....
- Channel: Long Leasehold Questions
16-08-2022, 16:26 PM
Residents Management Company Building insurance

by GordonClose

I am a Director of an RMC and the Freeholder insists it is their right to arrange the insurance. Have I the same right as an RTM to take over the arrangement of insurance?
- Channel: Long Leasehold Questions
15-08-2022, 14:26 PM
Reply to Residents Management Company Building insurance

by AndrewDod

Ahh,,... I see I completely misunderstood the context. This seems like a very odd arrangement. What exactly is the purpose of this RMC -- or does the abbreviation perhaps mean Residents Management Committee (not Company) - with no powers at all apart from advisory.

Is it actually a company...
- Channel: Long Leasehold Questions
17-08-2022, 13:52 PM
Reply to Residents Management Company Building insurance

by GordonClose

How can we get out of this obligation. If we setup an RTM would we then have the right to arrange insurance and ignore the lease statement.?
- Channel: Long Leasehold Questions
17-08-2022, 13:35 PM
Reply to Residents Management Company Building insurance

by GordonClose

I presume then that the Freeholder has the right to arrange and pay for the insurance (as they do now) and the RMC has to pay regardless of whether the insurance is a reasonable cost - double the amount we obtained on other quotes for the same benefits....
- Channel: Long Leasehold Questions
17-08-2022, 13:15 PM
Reply to Residents Management Company Building insurance

by scot22

It states RMC will keep the building insured as directed. The Freeholder directs. RMC does as directed.
- Channel: Long Leasehold Questions
17-08-2022, 12:53 PM
Reply to Residents Management Company Building insurance

by GordonClose

Thank you for the replies. The RMC (not an RTM) was setup by the builders when the property was built so has always been in existence (since 1980). The insurance has always been arranged by the Freeholder and paid for by the RMC. The lease states that the RMC will keep the buildings insured as directed...
- Channel: Long Leasehold Questions
17-08-2022, 12:12 PM
Sale of Freehold - Tax to Pay

by divadee

Hi, I hope I can write this in a clear way that makes sense!

We bought a leaseholders flat in 2016, the next year we bought the limited company that held the freehold. This was done as no other leaseholder were interested in buying the freehold a few months prior to us buying our leasehold...
- Channel: Long Leasehold Questions
16-08-2022, 16:37 PM
Reply to Sale of Freehold - Tax to Pay

by Gordon999

The company accounts shows the share capital at £2, it was holding the property on behalf of you ( beneficiary ) .

Since you have received £14K and £12K from disposal = £26K , your capital gain will be £26K - £18K = £8K .

You are entitle to the annual cgt allowance...
- Channel: Long Leasehold Questions
17-08-2022, 10:50 AM

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