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
Flat repossession by Robble76 Started by Robble76, 13-03-2017, 10:24 AM	9 responses 543 views 0 likes	Last Post by ram 15-03-2017, 14:09 PM
What is mine on my lease? by BRY77 Started by BRY77, 14-03-2017, 14:20 PM	3 responses 381 views 0 likes	Last Post by ram 15-03-2017, 11:53 AM
Previous leaseholders' alterations by uplater Started by uplater, 14-03-2017, 20:48 PM	0 responses 232 views 0 likes	Last Post by uplater 14-03-2017, 20:48 PM
Freeholder not carrying out redecoration works by Sunflowers82 Started by Sunflowers82, 13-03-2017, 20:42 PM	2 responses 305 views 0 likes	Last Post by Sunflowers82 14-03-2017, 20:17 PM
Enfranchisement of doubling leasehold by mattstorey Started by mattstorey, 14-03-2017, 13:11 PM	3 responses 349 views 0 likes	Last Post by sgclacy 14-03-2017, 20:14 PM
Identical flats in same development being charged vastly different service charge.. by badhairday Started by badhairday, 13-03-2017, 20:18 PM	2 responses 274 views 0 likes	Last Post by cupcakeli2717 13-03-2017, 21:24 PM
Can you be penalised for property alterations you did not make by CuriousA Started by CuriousA, 10-03-2017, 15:28 PM	24 responses 2,334 views 0 likes	Last Post by Gordon999 13-03-2017, 11:18 AM
Responsibility for fabric of extension in a converted house. by Thinkingman3 Started by Thinkingman3, 12-03-2017, 21:07 PM	1 response 248 views 0 likes	Last Post by ram 13-03-2017, 00:39 AM
Threaten with legal action by new Freeholder by funchal Started by funchal, 08-03-2017, 17:34 PM	8 responses 647 views 0 likes	Last Post by funchal 12-03-2017, 12:50 PM
Can I add a pitched roof to my studio? by daxu Started by daxu, 10-03-2017, 17:12 PM	3 responses 311 views 0 likes	Last Post by Gordon999 11-03-2017, 23:10 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
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
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

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