Landlord taking tenant to county court for reserve fund contribution not paid

[Starlane]

Flying freehold what is the difference? How do I know which policy we have block or property?

if it is a block of flats policy or a property owners policy I would expect that there is cover for all common areas and the policy document should specify the so called landlords contents cover...

[Starlane]

Yes but what happens if the directors don't remedy the breaches? Can a leaseholder who is also a member bring an action on behalf of the company against the landlord/ directors for not enforcing the lease.

[Starlane]

The insurance policy states that we are paying for alternative accommodation at 20% and loss of rent, however the landlord is not paid ground rent as the rent is a peppercorn, should we be paying for both or just the alternative accommodation cost?...

[Starlane]

Thank you foss333, I have been digging through the lease and any documents...the freeholder is asking for a reserve contribution....I will check the RICS guide....

[Starlane]

I have been reading through my lease to try and find any wording such as "reserve" in the lease so please enlighten me...Can the freeholder ask for contributions to a reserve when it is not mentioned in the lease? Can the freeholder ask for a reserve contribution? I have written to the landlord...

[Starlane]

Thank you lawcruncher me totally lost!

[Starlane]

I have just come across a comment by one of our directors who has been asked like me to give notice and pay their assign notice reasonable fee. The director has told the freeholder that if he charges him £40.00 then the director would charge the freeholder the same and that audited bank accounts would...

[Starlane]

Private companies are no longer required to have a company secretary. This requirement was abolished pursuant to the Companies Act 2006, as from 6 April 2008. The rationale for removing this requirement was that, without underestimating the highly valuable function which the company secretary can...

[Starlane]

Thank you Moderator 2

[Starlane]

So can you transfer them all into one thread please?...

[Starlane]

I think I am going mad sometimes, my understanding is that a reserve/sinking fund is for specific major expenses ..well that is my understanding according to RICS ARMA etc...so all I have done is ask what the monies are for....I think that is a reasonable request when someone is sending me a demand...

[Starlane]

PAT testing advisable but not compulsory EICR and GAS are the priority...

[Starlane]

Yes but we all know that the broker is not doing any work for the money as there is no claims history, its pure profit!

[Starlane]

eagle2,

I don't know where the funds are kept , I have asked and they wont let me see the books so I am assuming it is mixed in with the service charge and company expenses account. They set up a reserve fund before and used the money for annual expenses and no BIG expenditure, they have...

[Starlane]

Jon66,

This is a contribution to the reserve fund I have been sent additional demands for more monies for the service charges meaning my service charge plus this contribution is looking high!

[Starlane]

Yes Macromia but I have a hunch it will be used for everyday expenses and not anything major hence that is why I have asked for clarification.

[Starlane]

Macromia they demanded £30 and now the next years budget states they want £1600.00

[Starlane]

Thank you so much Macromia and JP that is what I thought..it is crazy to not say at least what it is for?...

[Starlane]

Services to be provided by the lessor..such sums of money as the Lessors reasonably require to incur in replacing maintaining renewing and decorating those items which the lessor hereby covenants to replace maintain renew or decorate ( such sums set aside to be a sinking fund)
The landlord has...

[Starlane]

Hello
The landlord is not operating the "reserve fund" in accordance with the lease and will not state on the budget what the monies demanded are for? This has culminated in a tenant - me questioning the expense and asking them to explain and justify what the monies are for? Instead...