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[sgclacy]

The lease will almost certainly not make provision for the reserve fund to be used to pay the legal costs of new leases.

However whilst the behavior of your fellow directors is probably wrong for reason I outlined above there is a very real problem that needs to be resolved. That is your...

[sgclacy]

I agree ...many freeholders are lessee owned/controlled companies and need guidance...

[sgclacy]

[QUOTE=michelle230;n1063146]

The scandal is in respect of ground rent terms put into leases by developers where the lessee, due to solicitors put forward by the developer failing to act in the lessees interest, now finds that the true value of those leases makes it impossible to sell...

[sgclacy]

this a fine example of near hysteria that has broken out

a liability to pay £250 per annum in real terms throughout the term of the leases renders a flat worth circa £125k unmortgageable.

The depreciation on a new television would amount to that every year. I find it incredulous...

[sgclacy]

If that is the main issue up for discussion at the management meetings I would say you were very lucky

[sgclacy]

Some people are angry about issues in their lives unrelated to property and the leasehold system provides a conduit for their anger to be challenged through . If it was not a leasehold system, but a common-hold system, it would simply be a different conduit for that anger to pass through. The stress...

[sgclacy]

About 1/3 of the difference in the increase value of the flat less the reasonable costs of doing the works would be a reasonable proposal. In many cases there may not be a profit but a minimum figure of around £5k

[sgclacy]

If the management company don't a pragmatic approach as suggested by lawcruncher then it could lead to expectations particularly those who feel aggrieved for the management company to be exact in they do on other matters. A group of residents voulantarily giving their time and effort this can be...

[sgclacy]

It is very much a buyers market and you should assert yourself that your offer took into account the benefit of the windows you were not aware of the unusual fact that they have yet to be paid for. It seems only reasonable to reduce your offer by the £5k...