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[Gordon999]

You need to send an enquiry to the VOA ( Valuation Office Agency ) to get the rateable value assessed for each flat in 1987

[Gordon999]

What does the wording in your lease say about % contribution from the lessee to pay the lessor for :

1. buildings insurance, Are your 6 flats all paying the same % contribution ? Does % add up to 100% for 5 flats. Does wording in lease say the lessor shall have sole right to decide...

[Gordon999]

A participation agreement is for collective enfranchisement of the freehold title of block of flats and signed before the purchase of freehold .

The disposal of loft space must be proposed at a meeting of the company and passed by the members of the company....

[Gordon999]

The Land Registry limits the number of persons names to be title holder to 4 names only . Then a company must be used to represent 5 or more names....

[Gordon999]

The threshold may be triggered when your tax bill rises to over £1000.

https://www.gov.uk/understand-self-assessment-bill

[Gordon999]

You could look at the freehold company as "nominee buyer" acting for 16 leaseholders who contributed to buying the freehold title. So the ground rent collected from 8 non-participating flats really belongs to the 16 leaseholders and is not legally income belonging to the freehold company....

[Gordon999]

You can ask the HMRC to make amendments to your previous submitted tax returns, going back for up to 4 years and claim refunds for tax paid over last 3 years. If the events took place 10 years ago, I think you will not be successful . You should treat those costs as capital expenses.

h...

[Gordon999]

The taxman is trying to speed up collection of tax in current year by assessing your rental income for this year is roughly same as last year and making the BTL landlords pay tax sooner.

[Gordon999]

So basically the service charge is now apportioned A 25%, B 25% C25% and D25% and you think this is not fair according to the lease .

And you may want to change to % proportional to floor area to say A28% . B28% , C 28% and D16%

or if you want to change the % related...

[Gordon999]

Wrong - the houses must be leasehold if on 999 years leases.

You should consult a solicitor and charge the solicitor's bill as an expense to your rental income from other houses .

Any meter bill should be paid by the registered named account holder . ...

[Gordon999]

The previous management agent has to provide Audited service charge accounts ( audit by accountant complying to the L&T Act ) for the 15 months period from 1 Jan 2017 to 31st March 2018 and handover the proper balance.

The leaseholders in the block have a legal right to demand this...

[Gordon999]

Before you decide to buy any property , you must check the following points :

1. Houses in UK are usually sold under freehold title which means the property title should include the land up to the boundary fences and any buildings on the land inside the boundary.

2. Flats are...

[Gordon999]

You should make a complaint to your local MP and ask him/her to join the APPG in Parliament to raise this problem.

Also the management company is required to provide annual audited accounts for each service charge year and if you suspect the money has disappeared , report it to the Police...

[Gordon999]

The RTM is only responsible from the handover date and for the period going forward.. It has no legal powers to demand service charge payment for the period under the old managing agent..

[Gordon999]

I suggest that you google search for "insurance for Japanese knotweed "


https://www.mortgagefinancegazette.c...ed-17-07-2015/

[Gordon999]

Babooshka1960,

I just realised the reason why you may not be getting any service charge payment .

When you send a demand for payment of any service charge money , you have to include information on the leaseholder's rights to make application to FTT ( First Tier Tribunal )...

[Gordon999]

Are you sure the maisonette price is correct at £250K ? Even used one-bed flat in London seem to start from £300K...

[Gordon999]

How much are you offering to pay for such a new lease including continued ground rent payment for 170 years ?

This is an informal extension offer to you because the 170 years statutory extension includes .peppercorn ground rent.

You should read a few of the Morning papers (...

[Gordon999]

After 2 years becoming leaseholder, you have a statutory right to seek a 90 years extension at peppercorn ground rent.

You can download a free guide to statutory lease extension from www.lease-advice.org and it explains what happens if you cannot get 90 years extension under the head...

[Gordon999]

If it is not acceptable, they have to tell what they require in writing. But you can call their hotline after say 3 - 4 weeks and ask if your letter is now on their file .