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
Transfer of Freehold by bn20 Started by bn20, 18-02-2013, 11:34 AM	6 responses 1,170 views 0 likes	Last Post by Esio Trot 19-02-2013, 12:33 PM
Tempted by free hold for investment by carter118 Started by carter118, 18-02-2013, 16:30 PM	5 responses 496 views 0 likes	Last Post by Esio Trot 19-02-2013, 12:28 PM
T chained pushchair to bannister in hallway by nicole Started by nicole, 18-02-2013, 16:58 PM	12 responses 1,436 views 0 likes	Last Post by leaseholdanswers 19-02-2013, 10:16 AM
Insurance settlement by cedar07 Started by cedar07, 21-01-2013, 20:56 PM	6 responses 1,818 views 0 likes	Last Post by cedar07 18-02-2013, 22:08 PM
Management company membership by carter118 Started by carter118, 18-02-2013, 11:00 AM	3 responses 673 views 0 likes	Last Post by carter118 18-02-2013, 16:29 PM
Managing agents allowing non-payment of service charge and withholding services by Beth Dawson Started by Beth Dawson, 09-02-2013, 17:25 PM	27 responses 6,418 views 0 likes	Last Post by Beth Dawson 18-02-2013, 16:17 PM
How much should we pay for our freehold? by smh Started by smh, 13-02-2013, 19:40 PM	7 responses 1,286 views 0 likes	Last Post by Gordon999 18-02-2013, 15:27 PM
End of Estate in Fee Simple (i.e. Freehold) = End of Lease(s)!! by Perplexed Started by Perplexed, 17-02-2013, 09:40 AM	3 responses 742 views 0 likes	Last Post by Perplexed 18-02-2013, 13:58 PM
cleaning by hansa Started by hansa, 23-01-2013, 13:16 PM	32 responses 4,711 views 0 likes	Last Post by Galatea 18-02-2013, 13:36 PM
Getting repairs sanctioned by a resident managment company by djasaph Started by djasaph, 15-02-2013, 12:07 PM	6 responses 1,336 views 0 likes	Last Post by djasaph 18-02-2013, 12:55 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
Reply to Residents Management Company Building insurance

by AndrewDod

Ahh,,... I see I completely misunderstood the context. This seems like a very odd arrangement. What exactly is the purpose of this RMC -- or does the abbreviation perhaps mean Residents Management Committee (not Company) - with no powers at all apart from advisory.

Is it actually a company...
- Channel: Long Leasehold Questions
17-08-2022, 13:52 PM
Reply to Residents Management Company Building insurance

by GordonClose

How can we get out of this obligation. If we setup an RTM would we then have the right to arrange insurance and ignore the lease statement.?
- Channel: Long Leasehold Questions
17-08-2022, 13:35 PM
Reply to Residents Management Company Building insurance

by GordonClose

I presume then that the Freeholder has the right to arrange and pay for the insurance (as they do now) and the RMC has to pay regardless of whether the insurance is a reasonable cost - double the amount we obtained on other quotes for the same benefits....
- Channel: Long Leasehold Questions
17-08-2022, 13:15 PM
Reply to Residents Management Company Building insurance

by scot22

It states RMC will keep the building insured as directed. The Freeholder directs. RMC does as directed.
- Channel: Long Leasehold Questions
17-08-2022, 12:53 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

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