Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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  • Service charge risk for leaseholder in partially unsold property?
    by michael_bates
    Hello,

    I am in the process of buying a leasehold apartment in a newly completed block of 32 residential flats plus one commercial space. None of the properties are sold yet as the object has just come on the market, after the developer went bust and receivers were instructed to sell the...
    29-07-2021, 22:13 PM
  • Accounting for RMC
    by SHill
    Would anyone be able to advise if a RMC can raise sales invoices to Directors, for property expenses that relate to their leasehold properties. The sales invoices raise are itemised in the Notes to the service charges at. 4. Transactions with Directors and 5. Related party transactions
    09-02-2021, 22:41 PM
  • Reply to Accounting for RMC
    by SHill
    The Accountant said in an email....

    " I also note you have placed yourself as the person(s) of significant control at Companies House and this is also incorrect."

    Is he correct?...
    29-07-2021, 22:05 PM
  • Reply to Accounting for RMC
    by SHill
    Another response from Accountant

    "I refer to your email below. I am afraid you are wrong in your analysis of the situation in some respects below. I have checked the position with the ICAEW myself, and we went through our rule book on the handover of information and they drew my...
    29-07-2021, 16:37 PM
  • Building damage?
    by lampshade
    I have noticed that one of the 3 blocks has some studs hammered into the brickwork in one corner. There are also cracks running down the bricks. I am guessing that these studs are markers made by an engineer at some point, suggesting a structural issue maybe.
    In the event that any further opening...
    29-07-2021, 11:11 AM
  • Reply to Building damage?
    by ram
    Not to put a damper on things, but insurance is for accidents / unforseen occurences / trees falling on building / cars.- etc

    Insurance does not cover for deliberate acts which caused a fault.
    Thats why why drill round holes in bricks, put a plug in it then screw though the plug.
    ...
    29-07-2021, 13:05 PM
  • Reply to Building damage?
    by lampshade
    Within the service charge there is of course a charge for Insurance. Presume if any work ever needs doing it would come from that Insurance policy? And then possibly an increase in future Insurance cost
    29-07-2021, 12:33 PM
  • Reply to MOA states the directors can appoint a chairman for meetings
    by Starlane
    Yes Eagle2 that is my concern, that we have directors who are self interested ( what a surprise NOT at my block), they are in breach of the lease themselves (what a surprise NOT at my block), I also believe there has been collusive fraud going on regarding hidden insurance commission and a directors...
    29-07-2021, 12:32 PM
  • MOA states the directors can appoint a chairman for meetings
    by Starlane
    Hiya I am not sure if I should post this here or is there a company/corporate forum I should be posting on ?

    My question is regarding members meetings and voting as I always thought that only members can attend members meetings as they hold a share which gives the member the ability to...
    28-07-2021, 14:22 PM
  • Reply to Building damage?
    by ash72
    It would only be an insurance issue if the freeholder has an adequate policy covering it. The best thing is for the freeholder or managing agent to instruct an engineer who will put movement detectors on the property and see if there is any movement. It could be historical.

    All leaseholders...
    29-07-2021, 11:33 AM
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