Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
3 responses
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Last Post Moderator2  
Started by Saker, 07-01-2015, 20:42 PM
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Last Post andydd
by andydd
 
Started by emnick, 29-12-2014, 12:57 PM
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Last Post Gordon999  
Started by jenniferL, 12-07-2014, 12:36 PM
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by Carine
 
Started by Galatea, 02-12-2014, 12:41 PM
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by Galatea
 
Started by investordeveloper, 03-01-2015, 12:11 PM
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by ram
 
Started by telly098, 05-01-2015, 00:54 AM
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by andydd
 
Started by Urban Rural, 16-10-2014, 12:54 PM
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by ram
 
Started by PGannon, 27-11-2014, 12:52 PM
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Started by Galatea, 04-01-2015, 14:20 PM
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by ram
 
Started by leaseholdanswers, 03-01-2015, 20:34 PM
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Last Post leaseholdanswers  
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  • Reply to AGM cancelled.
    by Grumio
    It is both a managing agent and a residence Association. But we want to go back to managing the block ourselves.

    Thanks for the reply, yes invitations have been sent to all our members. And I agree, they should not cancel the AGM, especially when they haven’t got a plausible reason to...
    26-01-2022, 12:12 PM
  • AGM cancelled.
    by Grumio
    Is this legal?

    A bit of background, we currently have three directors, we are allowed to have up to a maximum of eight directors according to the articles of association. We are all leaseholders. Last summer the three directors decided to hire a managing agent who is now in charge of the...
    26-01-2022, 00:46 AM
  • Reply to Lease extension triggers doubling ground rent change
    by sgclacy
    Doubling every 25 years is simply a guess as to what inflation may be, if inflation of the current levels ( about 6% ) was to continue the real value of the rent would fall by 77% and doubling would not address the enormous damage done by inflation. However, if inflation was less than 2.81% per annum...
    26-01-2022, 11:57 AM
  • Reply to Lease extension triggers doubling ground rent change
    by Section20z
    You are clearly using the informal route and can thus negotiate whatever terms you like.
    freeholder will want to retain some ground rent but avoid the doubling clause, maybe suggest small fixed rises every ten years....
    26-01-2022, 10:40 AM
  • Service charges according to floorspace vs lease stipulation
    by Santa Fe
    Hello. I own a flat in a block of four. The new owner of the smallest flat is disputing their contribution to service charges based on floor size. All four flats have historically paid 25% each, but of the four leases only mine states that I pay 25%. I have spoken with a solicitor about this and he...
    24-01-2022, 22:55 PM
  • Reply to Service charges according to floorspace vs lease stipulation
    by Section20z
    Quite, there is also the question here of who the actual freeholder is and whether the whole thing is any concern of the OP who only ever need pay 25% !!...
    26-01-2022, 10:25 AM
  • Reply to AGM cancelled.
    by eagle2
    Yes, I am confused too. If there is a Residents Association, it is required to comply with its constitution.

    There seems to be a Company involved as well. Whether or not it is required to hold an AGM depends on its Articles, AGMs can be cancelled for various reasons, lockdowns are an example,...
    26-01-2022, 10:19 AM
  • Reply to Service charges according to floorspace vs lease stipulation
    by eagle2
    I think that we have found 3 possible alternatives already and no doubt we could find more, As Section20z says it is very rare for a court or a tribunal to intervene, The lease appears to allow the freeholder (?) to decide what is fair and reasonable and it has decided that an equal share is reasonable,...
    26-01-2022, 10:01 AM
  • Reply to AGM cancelled.
    by fos333
    Is this a Residence Association or Residents Management Company?

    Had invitations to the AGM been sent out to all members? If invitations had been issued then no the AGM should not have been cancelled.

    If the 2 directors are "good friends of the managing agent" they...
    26-01-2022, 10:00 AM
  • Lease extension triggers doubling ground rent change
    by SouthernDave
    Has anyone had dealing with doubling ground rents?
    i have just asked for a quote for a lease extension and they are proposing new ground rent terms of a doubling ground rent every 25 years. My commercial guy has said some lenders don't like these which may reduce the value of the property of i...
    25-01-2022, 22:53 PM
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