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
Common leaseholder Completly Ignores maintenance . What to do. by Brecon Started by Brecon, 21-03-2017, 12:12 PM	1 response 284 views 0 likes	Last Post by scot22 21-03-2017, 18:33 PM
what does this mean? by katumplet Started by katumplet, 21-03-2017, 01:24 AM	1 response 748 views 0 likes	Last Post by derekderekson 21-03-2017, 10:00 AM
Virgin Media causing hazard in our block by Carine Started by Carine, 21-03-2017, 08:22 AM	1 response 347 views 0 likes	Last Post by ram 21-03-2017, 09:55 AM
Can you see a problem selling this? by DPT57 Started by DPT57, 17-03-2017, 17:26 PM	12 responses 1,439 views 0 likes	Last Post by DPT57 21-03-2017, 09:55 AM
maintenance of the roof in a top floor flat - does the lease contradict itself? by Fefelarue Started by Fefelarue, 16-03-2017, 20:02 PM	10 responses 1,438 views 0 likes	Last Post by DNM2012 19-03-2017, 21:15 PM
Tax position on lease extension with shared freehold by keplervic Started by keplervic, 19-03-2017, 20:44 PM	0 responses 335 views 0 likes	Last Post by keplervic 19-03-2017, 20:44 PM
RTM: Can LL issue counter notice after the 1 month deadline? Can I just ignore it? by Hattie21 Started by Hattie21, 17-03-2017, 18:33 PM	3 responses 381 views 0 likes	Last Post by Hattie21 19-03-2017, 11:09 AM
Loft space ownership by Laterco Started by Laterco, 08-03-2017, 14:00 PM	20 responses 4,739 views 0 likes	Last Post by Lawcruncher 19-03-2017, 10:16 AM
HELP! Lease is illegible! by Laterco Started by Laterco, 17-03-2017, 11:32 AM	5 responses 501 views 0 likes	Last Post by Lawcruncher 19-03-2017, 10:14 AM
How to respond to FH by derekderekson Started by derekderekson, 08-03-2017, 18:57 PM	29 responses 2,310 views 0 likes	Last Post by DNM2012 19-03-2017, 09:01 AM

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 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
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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