Long Leasehold Questions

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Started by leaseholdanswers, 29-05-2014, 08:36 AM
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Last Post Guest's Avatar
by Guest
 
Started by sgclacy, 25-05-2007, 00:25 AM
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Last Post jeffrey
by jeffrey
 
Started by ybaLandlord, 20-05-2007, 19:12 PM
3 responses
1,920 views
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Last Post LondonFreeholder  
Started by barnaby51, 19-05-2007, 00:23 AM
6 responses
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Last Post tenant29  
Started by Linaker, 22-05-2007, 08:52 AM
3 responses
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Last Post sgclacy
by sgclacy
 
Started by Helen12345678, 19-05-2007, 21:55 PM
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Last Post Helen12345678  
Started by davidm, 16-05-2007, 12:13 PM
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Last Post sgclacy
by sgclacy
 
Started by Penny06, 18-05-2007, 20:09 PM
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Last Post jeffrey
by jeffrey
 
Started by Robble76, 09-05-2007, 15:59 PM
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Last Post Robble76  
Started by allewitor, 22-04-2007, 08:59 AM
30 responses
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Last Post tenant29  
Started by toffeeman, 16-05-2007, 00:34 AM
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Last Post toffeeman  
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  • Reply to Sole Director
    by Stacker
    Thanks for that however I have just been trawling thro google and found that is not the case if the AOA states quorum required and mentions directors as in plural the sole director can not act for the company or the board as they are a sole director, so meeting needs to be quorate by bringing in a member...
    29-03-2020, 20:28 PM
  • Sole Director
    by Stacker
    Hope you are all healthy and safe!....our AOA state that a quorum is required. The sole director has appointed another director, without one shareholder knowing about the meeting my question is would the meeting have been quorate and could the company secretary act ( one they hire not a member) be part...
    29-03-2020, 10:41 AM
  • Reply to Increased service charge when let/unoccupied
    by leaseholder64
    Leases often have clauses about not causing additional expenditure, particularly for insurance, so it might be possible to charge as administration charges, as well.
    29-03-2020, 11:23 AM
  • Increased service charge when let/unoccupied
    by eshroom
    My mum has had her flat let out for some time, it is currently unoccupied and given COVID shall remain so for a few months.

    The service charge was £20 per month more for her as it was rented. She wasn't happy but went along with it. She asked to have it dropped now that it is not rented...
    27-03-2020, 10:42 AM
  • Reply to Sole Director
    by leaseholder64
    Most AoA allow a sole director to appoint other directors, even though otherwise inquorate. Generally the only other thing they can do is call a general meeting.

    The company secretary does not count towards the quorum.

    Many RMCs operate without a quorum, even though the director...
    29-03-2020, 11:16 AM
  • Rent Act restricting ground rent
    by Section20z
    One of my ground rent leases has a mechanism for the rent to rise on any assignment "......provided that such rent shall never exceed the amount which would bring this lease within the provisions of the Rent Act 1968 or any Act amending or re-enacting the same"
    The rent should be £650pa...
    27-03-2020, 09:44 AM
  • Reply to Rent Act restricting ground rent
    by Section20z
    Thanks , that makes complete sense and clears up why they would not want a long lease to be covered by the Rent Act.

    Of course the buyer was aware of the new rent and should have adjusted premium accordingly. The novel feature here is that the ground rent increases with any "difference"...
    29-03-2020, 08:31 AM
  • Reply to Rent Act restricting ground rent
    by sgclacy
    The Rent Acts referred to in the old lease precluded a premium being charged for the assignment of a lease and of course that is why there was a restriction in the old lease.

    However the current issue with ground rents exceeding £250 outside of London is that some, but not all lawyers,...
    29-03-2020, 03:45 AM
  • Reply to Increased service charge when let/unoccupied
    by Macromia
    Unless the lease makes it clear that this "reasonable proportion" only applies to the service charges as a whole, it could be argued that flats with non-resident leaseholders could be charged a higher proportion of the managing agents fees - but only if they can justify this as reasonable,...
    29-03-2020, 03:13 AM
  • Reply to Rent Act restricting ground rent
    by Macromia
    So, presumably, the part of the clause that you have not quoted allows the ground rent at each new assignment to be set as a percentage of the sale price?

    This seems backwards to me (unless there is a more complicated formula used), because it means that the higher the sale price, the higher...
    29-03-2020, 02:46 AM
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