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
Additional works required to s20 works - what's the procedure? by mactavs Started by mactavs, 19-12-2016, 16:17 PM	16 responses 2,523 views 0 likes	Last Post by mactavs 30-03-2017, 21:41 PM
Imposing lease restrictions by Leaser123 Started by Leaser123, 29-03-2017, 19:18 PM	8 responses 447 views 0 likes	Last Post by Leaser123 30-03-2017, 17:53 PM
Pet Licence wording - does it sound reasonable? by Souljacker Started by Souljacker, 08-02-2017, 14:55 PM	4 responses 1,312 views 0 likes	Last Post by JK0 30-03-2017, 16:51 PM
Can we take over our block management without RTM? by cristina13 Started by cristina13, 27-03-2017, 15:38 PM	2 responses 306 views 0 likes	Last Post by cristina13 29-03-2017, 13:19 PM
Problem With Management Company by Scoobiedoo Started by Scoobiedoo, 28-03-2017, 17:11 PM	1 response 303 views 0 likes	Last Post by Gordon999 29-03-2017, 13:10 PM
"Spirit" of S.20 and associated fees of third parties by Rule&Regs Started by Rule&Regs, 27-03-2017, 14:02 PM	5 responses 383 views 0 likes	Last Post by Rule&Regs 29-03-2017, 11:38 AM
shared freehold right to extend without unanimous agreement by bras0746 Started by bras0746, 29-03-2017, 08:25 AM	0 responses 213 views 0 likes	Last Post by bras0746 29-03-2017, 08:25 AM
Lease extension- Prime or non-Prime Central London & Premium cost? by alexanderwheal Started by alexanderwheal, 28-03-2017, 10:17 AM	4 responses 585 views 0 likes	Last Post by desamax 28-03-2017, 16:10 PM
Licence to Alter by DB2016 Started by DB2016, 26-03-2017, 16:28 PM	1 response 321 views 0 likes	Last Post by Gordon999 28-03-2017, 16:03 PM
Help to determine a lease extension value please by Helen_havers Started by Helen_havers, 25-03-2017, 22:54 PM	1 response 201 views 0 likes	Last Post by Gordon999 28-03-2017, 15:54 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
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
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
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
Reply to Right To Pass and Re-Pass (Not to Obstruct)

by Lawcruncher

Absolutely 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....
- Channel: Long Leasehold Questions
17-08-2022, 09:57 AM
Reply to Sale of Freehold - Tax to Pay

by divadee

Sydaton,

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.
...
- Channel: Long Leasehold Questions
17-08-2022, 09:01 AM
Reply to Sale of Freehold - Tax to Pay

by Sydaton

divadee, 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
Reply to Ground rent arrears from executor

by Martin448A

I did look at buying the freehold a few years ago but there solicitor quotes up to £4000 costs and I believe that was more then the value of the lease itself !
- Channel: Long Leasehold Questions
17-08-2022, 06:10 AM
Ground rent arrears from executor

by Martin448A

Hi,
received a letter out the blue from someone claiming to be the executor of the deceased freeholders of my leasehold maisonette. Have never receive ground rent request for payment for any of the years I have owned the property or has the other maisonette in my building.
They are now requesting...
- Channel: Long Leasehold Questions
16-08-2022, 00:30 AM

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