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	1 response 8,252 views 0 likes	Last Post by Guest 30-09-2014, 17:12 PM
How can our management company recoup outstanding service charges from leaseholder? by Duende Started by Duende, 08-07-2011, 11:27 AM	10 responses 5,039 views 0 likes	Last Post by leaseholdanswers 12-07-2011, 13:20 PM
Selling share of freehold - have I prepared the right documents? by Midnight Cowboy Started by Midnight Cowboy, 08-07-2011, 14:27 PM	5 responses 2,704 views 0 likes	Last Post by Gordon999 12-07-2011, 11:07 AM
High cost of insurance but policy now offering reduced cover by OllieP Started by OllieP, 07-07-2011, 16:53 PM	10 responses 1,194 views 0 likes	Last Post by leaseholdanswers 11-07-2011, 18:31 PM
Rent Demand Notice by cornershop Started by cornershop, 22-01-2010, 22:39 PM	5 responses 4,348 views 0 likes	Last Post by leaseholdanswers 10-07-2011, 08:58 AM
LVT Decision - freeholder refusal to comply with their decision by jh321 Started by jh321, 02-07-2011, 18:11 PM	13 responses 3,484 views 0 likes	Last Post by Tulula 09-07-2011, 11:24 AM
restrictive covenant on land for agriculture use only by karenbamford Started by karenbamford, 08-07-2011, 09:40 AM	2 responses 726 views 0 likes	Last Post by islandgirl 08-07-2011, 11:19 AM
Section 20 by brightonandy Started by brightonandy, 08-07-2011, 08:11 AM	2 responses 707 views 0 likes	Last Post by leaseholdanswers 08-07-2011, 10:43 AM
Lessee refuses to pay his share of costs and threatens to go to LVT. by mixedveg Started by mixedveg, 04-07-2011, 18:21 PM	12 responses 1,812 views 0 likes	Last Post by leaseholdanswers 08-07-2011, 10:35 AM
Section 21 Certification the Local Authority by leaseholdanswers Started by leaseholdanswers, 07-07-2011, 10:14 AM	3 responses 690 views 0 likes	Last Post by Tulula 07-07-2011, 11:46 AM
Transfer of land - Who owns what? by InTheClouds Started by InTheClouds, 20-05-2011, 13:13 PM	17 responses 2,158 views 0 likes	Last Post by Tulula 07-07-2011, 10:09 AM

Reply to Managing Agents Massively Screwed Up Section 42

by sgclacy

The statutory price assuming 85% relativity gives a result of £15,250 (Capitalization rate 6% - but that hardly matters, 5% for deferment rate - in line with Sportelli)

So you are down £5,000 - so as I suggested earlier everyone takes a haircut - now it would be £1650 each - it really...
- Channel: Long Leasehold Questions
09-08-2020, 22:58 PM
Managing Agents Massively Screwed Up Section 42

by divadee

We are the freeholders to a block of flats. We own the freehold in a limited company.

Apparently one of the flats issued a Section 42 back in April with a date of July for any counter offers.

Our managing agents have only just told us about this TODAY and we are way out of...
- Channel: Long Leasehold Questions
04-08-2020, 12:24 PM
Reply to Managing Agents Massively Screwed Up Section 42

by divadee

We have learnt a bitter hard lesson about this. We will be doing this through our solicitor. We just thought we could rely on the managing agents, as they are company secretary's for the freehold company but live and learn.

Hopefully it will all be over one day, us moved out and onwards...
- Channel: Long Leasehold Questions
09-08-2020, 20:16 PM
Reply to Managing Agents Massively Screwed Up Section 42

by divadee

S42 amount - 10,052
lease length- 64 years
property location - central south coast (where everyone is flocking too currently 😉)
property value with a long lease - approx £160,000
ground rent - £25 doubling every 25 years

Thank you for any help in advance....
- Channel: Long Leasehold Questions
09-08-2020, 20:13 PM
Freeholder Roof Maintenance

by Matt F

Hello. My flat is rented out - it's a leasehold and managed by a management company on behalf of an investment company who are the freeholder. Recently, while undertaking some other works, the surveyor noticed that the roof was sagging. Further investigation with a structural engineer has revealed that...
- Channel: Long Leasehold Questions
09-08-2020, 17:48 PM
Reply to Freeholder Roof Maintenance

by Anna1985

If I am not mistaken you are to have a new roof every 25 years? So it is worth bearing it in mind....
- Channel: Long Leasehold Questions
09-08-2020, 19:31 PM
Reply to Freeholder Roof Maintenance

by scot22

Are owners working together ? If so commit to sharing the cost of disputing the charge.
I think it essential to engage surveyor with leasehold knowledge to advise both on work and responsibility.
It will cost so I suggest an escrow account to protect interests.
- Channel: Long Leasehold Questions
09-08-2020, 18:25 PM
Building with FH owning commercial units and flats

by Stacker

Hi
I have been reading through a lease for a property with a commercial shop on the ground floor and two flats above...the Flat leases pay ground rent but the service charge apportionment is unclear....it does not state a percentage and I cant see it is apportioned by area the only percentage...
- Channel: Long Leasehold Questions
09-08-2020, 17:16 PM
Tools for RTMC & Block self-management experience

by stokey83

Hi,
1) We shall soon acquire the management function of our block (RTMC) and do not intend to appoint a managing agent. What are the simple tools available online for managing company accounts / service charges, contractors, maintenance/repairs, building docs, etc?
2) I am also interested...
- Channel: Long Leasehold Questions
07-08-2020, 15:48 PM
Reply to Tools for RTMC & Block self-management experience

by scot22

The list is long because it is an onerous responsibility. My mantra was is everyone does a little no-one has to do a lot. Unfortunately everyone didn't.
Remember people will move and new owners have different attitude. My experience is limited to one block but also voluntary organisations....
- Channel: Long Leasehold Questions
09-08-2020, 12:50 PM

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