Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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Started by mactavs, 19-12-2016, 16:17 PM
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by mactavs
 
Started by Leaser123, 29-03-2017, 19:18 PM
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Started by Souljacker, 08-02-2017, 14:55 PM
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Started by cristina13, 27-03-2017, 15:38 PM
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Started by Scoobiedoo, 28-03-2017, 17:11 PM
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Started by Rule&Regs, 27-03-2017, 14:02 PM
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Started by DB2016, 26-03-2017, 16:28 PM
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  • 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...
    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?
    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...
    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...
    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....
    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....
    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.
    ...
    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?
    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 !
    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...
    16-08-2022, 00:30 AM
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