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ram
Senior Member
Last Activity: 20-10-2018, 10:11 AM
Joined: 08-06-2008
Location: oop north
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  • ram
    replied to Monetising a freehold
    NO, you cannot and must not give approval prior to the flat being transferred to another ownership.

    You HAVE to investigate their building works, via plans, surveyors if required, and in depth investigation. Even then, you can reject their alterations if it may be detrimental to the structure,
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  • If that's the only stipulation in your lease, then it's going to deteriorate at a fast rate and none one will ever want to buy a flat there.
    Of course, if no one pays service charges, repairing obligations cannot be performed, but your lease must say somewhere that the place MUST be maintained,
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  • ram
    replied to Management Fees
    Will all your renters be over 60 in an over 60 development ?
    They are entitled to say no to your request if your prospective tenants are under 60 !

    Where your parents renting the flat from the over 60 development ? or did they have a lease ?
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  • The freeholder obligations will be set down in the lease, to maintain and repair, and to keep in good condition.
    Courts have ruled, and the lease expects that repairs, maintenance etc, be done within a reasonable time.
    The freeholder is therefore in breach of the lease by not carrying out
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  • ram
    replied to Monetising a freehold
    1) You don't want to offer any "potential" buyers a share in the freehold.
    As that means they have a voice and a Vote on how the place is run ! ! when they know nothing about the place, and probably know nothing about leasehold law.
    Don't offer any share of the freehold to anyone,
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  • I was not employed by the company. It was a voluntary agreement by Leaseholders.
    This was made clear.

    Also, no tax is payable on wages of £ 800 per year.
    taxable income is the amount you earn above the personal allowance (£11,850 for 2018-19) and any other reliefs you are
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  • Can a director of a self-managed freehold company charge management fees.

    Any Director who is administering and dealing with the property, to the exclusion of all others, ( in other words, no one else wants the job ) then they can ask for remuneration.( note, they can ask )

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