No bank account open

[Starlane]

London2021 unfortunately I agree with you, its incredible how people cant be reasonable and understand that we should be all working together, I plan on moving now as the stress and frustration of it all is too much, a home should be a safe and happy place not a war zone!

[Starlane]

Yes but how would a company pay for the building insurance if it does not have any money in its account? An individual would be paying company expenses?

[Starlane]

By accident at a recent meeting the accountant let slip that the limited company did not have a bank account open from 2018 to the early part of 2020. Previous to this period the account was with a managing agent then a new bank account opened early 2020.

The directors have produced accounts...

[Starlane]

Gordon999 thanks for sharing the link I am still not sure if these reports need to be done every five years or so?

[Starlane]

Macromia,

Thank you for all your help I do appreciate all your different perspectives and wisdom

[Starlane]

I understand that the landlord is responsible for carrying out a risk assessment of the building/ communal areas either by a competent director or by appointing a professional company. How often do these risk assessments and reports need to be done and do they need to meet the building insurance terms...

[Starlane]

eagle2,

Thank you for all your help

[Starlane]

So if none of the monies have been used for the purpose of the sinking fund then would this be a breach of trust? And despite repeatedly asking what is the purpose, what are the monies for, please provide me with a statement of the account balance, are the monies held in an interest bearing account...

[Starlane]

AndrewDod this is what our sinking fund can be used for..it does state decorating!

1. To set aside ( which setting aside shall for the purpose of the Sixth Schedule be deemed an item of expenditure incurred by the Lessor) such sums of money as the Lessors reasonably require to incur in replacing maintaining

...

[Starlane]

Last year they made a ridiculously low reserve demand for £37.00 and wont tell me what monies are in the reserve, in our lease its called the sinking fund NOT a reserve. This year they have made over a 2000% increase demand and wont say what the purpose of the sinking fund is for again. They have not...

[Starlane]

The paragraph not in my lease clause reads "that the lessor shall be liable to pay " any further sums as shall be required by way of an interim charge during the course of the year"....but I am NOT the LESSOR I am the lessee?

[Starlane]

Whoop whoop well done!!!!

[Starlane]

it is to do with service charges in the sixth schedule making payments ...I shall get hold of the paragraph and quote it on here thanks

[Starlane]

Hi,
I have only just discovered that my lease does not contain two paragraphs which are in the other leaseholders contracts, would this be a solicitor conveyancing mistake and how to best resolve as obviously I don't want to accept anything which is prejudicial against my interests, do we we need...

[Starlane]

They asked for a reserve/ sinking fund contribution representing almost 60% of the demand and will not say what these monies are for? I have asked the purpose?...

[Starlane]

what makes you think that? The insurance rent was due June and there was no demand for this? This would be a half yearly demand?...

[Starlane]

One demand was made by clause 5.3 To serve on the Lessee a notice giving full particulars of the Service Charge Costs and stating the Service Charge payable by the Lessee and the date on which it is payable as soon as reasonably practical after incurring making a decision to incur or accepting an estimate...

[Starlane]

I hope you are all well and have had a good Christmas!

I would like to ask for your help and guidance - what is your definition of an interim payment?

I have been served only one service charge demand May 2021 for the period 1^st January to 31^st December 2021 so I asked the...