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[Centurino]

But it isn't valid as it was wrongly served on the houses as well, which should have been severed as on the 5a in 2015. We expect a reply within 7 days. The problem we have is, that some of the flats naively believe the imminent reform will wipe their ground rent completely. I don't believe it will...

[Centurino]

The letter challenging the 5b has gone out today to the 5b serving solicitor, asking them to serve a new 5b excluding the houses. However, I don't believe they will do this nor respond to that letter. We have 2 weeks and 2 days to get an RFR acceptance notice delivered if we wish to go this route. We...

[Centurino]

An outstanding question is what are the costs if we choose not to accept the RFR post-auction?

[Centurino]

Additionally, there will be legal costs which we estimate to be around £300-600 per resident plus varying each lease where required. And how much will the Duchy want on top of the purchase price?

The questions we're also struggling with, who will run the new company and manage the common...

[Centurino]

Head of LEASE yesterday and 3 solicitors during the past week. We don't want the whole site as it's always been split and the flat residents don't value the flats only at that £62,500. The house leases also say they should pay a management fee but never have in 15 years and also, the 5a offered only...

[Centurino]

The reserve has been disclosed as £62,500. We've decided to challenge the 5b notice, asking the freeholder in possession to sever the flats from houses and reissue the 5b.

[Centurino]

The flats and houses are under one title since new build in 2005. The Land Registry still shows the original builder that liquidated in 2012 as the freeholder under Section B and the mortgagee in possession as the proprietor under section C probably because of the fixed charge they have over the si...