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
Extend the lease in a conversion flat by Remy_klx Started by Remy_klx, 07-07-2006, 07:54 AM	6 responses 2,934 views 0 likes	Last Post by Remy_klx 10-07-2006, 11:29 AM
Lease extension- 70yrs. unexpired- necessary/desirable? by curiousgeorge Started by curiousgeorge, 27-01-2006, 19:26 PM	15 responses 7,259 views 0 likes	Last Post by tenant29 09-07-2006, 17:09 PM
Unpaid Service Charges by bomo45 Started by bomo45, 05-07-2006, 08:53 AM	4 responses 2,268 views 0 likes	Last Post by SteveP 07-07-2006, 03:18 AM
"In the occupation of one family"- meaning? by bomo45 Started by bomo45, 29-05-2006, 22:43 PM	5 responses 3,157 views 0 likes	Last Post by bomo45 20-06-2006, 17:44 PM
Lease Extension-83years to 173 years-worth it? by Muffin Started by Muffin, 11-06-2006, 13:24 PM	2 responses 1,843 views 0 likes	Last Post by Tax Accountant 19-06-2006, 15:47 PM
Buying freehold as first time buyer by annie Started by annie, 18-06-2006, 16:36 PM	2 responses 2,374 views 0 likes	Last Post by annie 18-06-2006, 18:48 PM
Buying share in an existing management company by JayJay Started by JayJay, 21-05-2006, 14:35 PM	3 responses 2,454 views 0 likes	Last Post by JayJay 04-06-2006, 20:02 PM
Leasehold repairs by s_b Started by s_b, 24-05-2006, 15:42 PM	3 responses 2,549 views 0 likes	Last Post by s_b 30-05-2006, 21:21 PM
67 yrs unexpired- cost of extension by 70% of take home on rent Started by 70% of take home on rent, 18-05-2006, 13:29 PM	1 response 1,980 views 0 likes	Last Post by tenant29 22-05-2006, 10:00 AM
Leasehold extension- 67yrs. unexpired- cost? by Firestarter Started by Firestarter, 21-05-2006, 21:07 PM	1 response 5,723 views 0 likes	Last Post by tenant29 22-05-2006, 05:16 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
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
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

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