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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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3 responses
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by Moderator2
17-06-2021, 21:40 PM
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Started by steaming, 07-01-2020, 19:16 PM
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9 responses
164 views
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by Macromia
11-01-2020, 05:20 AM
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Started by nickbude, 07-01-2020, 07:50 AM
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2 responses
92 views
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by Harwood
10-01-2020, 00:05 AM
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Started by f111, 09-01-2020, 13:09 PM
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2 responses
80 views
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by MrSoffit
09-01-2020, 17:37 PM
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Started by sarahbrowne, 08-01-2020, 17:39 PM
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3 responses
84 views
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by sarahbrowne
09-01-2020, 15:40 PM
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Started by Harlequin1, 08-01-2020, 20:02 PM
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5 responses
120 views
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by Benzo
09-01-2020, 12:46 PM
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Started by HazeltonLane, 08-01-2020, 22:02 PM
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2 responses
98 views
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by HazeltonLane
09-01-2020, 09:22 AM
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Started by tonyshort, 08-01-2020, 12:43 PM
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4 responses
1,496 views
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by Gordon999
08-01-2020, 15:47 PM
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Started by Harlequin1, 19-12-2019, 04:15 AM
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12 responses
179 views
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by MrSoffit
08-01-2020, 14:29 PM
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Started by Sahar, 20-02-2019, 21:43 PM
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11 responses
481 views
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Started by bigalxyz, 07-01-2020, 15:06 PM
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3 responses
429 views
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by MrSoffit
07-01-2020, 16:21 PM
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Latest Topics
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by GordonCloseI 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....
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Channel: Long Leasehold Questions
17-08-2022, 13:15 PM -
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by GordonCloseI 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?
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Channel: Long Leasehold Questions
15-08-2022, 14:26 PM -
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by scot22It states RMC will keep the building insured as directed. The Freeholder directs. RMC does as directed.
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Channel: Long Leasehold Questions
17-08-2022, 12:53 PM -
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by GordonCloseThank 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...
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Channel: Long Leasehold Questions
17-08-2022, 12:12 PM -
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by divadeeHi, 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 -
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Reply to Sale of Freehold - Tax to Payby Gordon999The 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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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....
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Channel: Long Leasehold Questions
16-08-2022, 16:26 PM -
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by LawcruncherAbsolutely not! Both the right and covenant are clear. Ask the freeholder why he considers he should not be bound by the terms of the lease. If he insists he is not bound, suggest that in that case you are not bound by the terms of your lease either....
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Channel: Long Leasehold Questions
17-08-2022, 09:57 AM -
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Reply to Sale of Freehold - Tax to Payby divadeeSydaton,
They are the accountants that the managing agents use. We have literally left it all up to them and have been hands off (unless there were issues with stuff that need authorising by us). Our managing agents are also company secretaries for the Ltd company that we own.
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Channel: Long Leasehold Questions
17-08-2022, 09:01 AM -
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Reply to Sale of Freehold - Tax to Payby Sydatondivadee, you mention the company accountant in the first post but then mention that you were relying on your managing agents. Are they one and the same?
Where did the £14k paid for the lease extension go?-
Channel: Long Leasehold Questions
17-08-2022, 08:41 AM -