It did sound a bit like a promotion, but I didnt intend for it to be as such. Just thought it was something we could relate to. Admin, you may remove this or edit it accordingly if you wish.
Thats them saying they will get the money eventually when you sell the property as they will highligh that your in arrears to the potential buyer, which may even put them off buying the property. Oh dear. Thanks for sharing.
Sounds great. I recently came back from a meeting to pitch our company to carry out block management services on a development in Surrey and one of the main question was how we could manage the block if we were...
Dear Mr Bourne, Forming a RTM would be the best move for the development. The freeholder's charge of £300- per flat is expensive and other high may follow too. Such as Section 20 charges, comissions etc. The solicitor fees shouldn't...
I would pay the ground rent which is due. Than also write a letter advising the situation and explain why their admin charges haven't been paid. If you know when the ground rent should be paid, I would also advise...
The buyer of a leasehold property could potentially take on the debt of the service charge on the property if the previous leaseholder didn't clear this amount. Your solicitor would or should have contacted the managing agents of the block...
Hi Rita, If the development is not part of a Residential Management Company I wouldn't personally go for this property. There being no savings account will ring bells when major works are required. If its a RMC, that would atleast...
Dear Ms Hanson, We do encourage leaseholders to form a right to manage company to gain control of their block and to buy the freehold once they have been given the opportunity to do so. Before selling, the freeholder is...
Reply to the comment left by "Mark Alexander" at "19/03/2015 - 10:03": It's a pleasure being here. Thank you for providing the link, we may be in contact with you soon about this. Yes it would be nice to be...
I agree with what Gary Nock is saying. At times RMC thinking they are saving money by avoiding having a managing agent will actually spend alot more. If you are a RMC (which you are), the budget which the agents...
Reply to the comment left by "Adrian Jones" at "18/03/2015 - 13:10": Dear Mr Jones, You can explain to the owner that due to arrears there aren't sufficient funds in the account, but you cannot inform the owner who it...
Dear Mr Jones. I wouldnt advise you do that unless all the residents of the RMC were on the board of Directors. You could potentially be breaching the Data Protection Act.
Dear Nick. The freeholder is respondible for the 'shell' of the block and the leaseholder would be responsible for whats inside of their own property. The contents insurance for example would therefore be the owners responsibility. Kind Regards
Dear Jim, It is important to have a paper trail and ensure before starting the legal procedure that all the neccesary steps have been taken. Has the service charge demand been issued correctly in line with the lease? For instance...
26th June 2015, 11 years ago
It did sound a bit like a promotion, but I didnt intend for it to be as such. Just thought it was something we could relate to. Admin, you may remove this or edit it accordingly if you wish.
Read More →26th June 2015, 11 years ago
Thats them saying they will get the money eventually when you sell the property as they will highligh that your in arrears to the potential buyer, which may even put them off buying the property. Oh dear. Thanks for sharing.
Read More →26th June 2015, 11 years ago
Sounds great. I recently came back from a meeting to pitch our company to carry out block management services on a development in Surrey and one of the main question was how we could manage the block if we were...
Read More →11th May 2015, 11 years ago
Dear Mr Bourne, Forming a RTM would be the best move for the development. The freeholder's charge of £300- per flat is expensive and other high may follow too. Such as Section 20 charges, comissions etc. The solicitor fees shouldn't...
Read More →31st March 2015, 11 years ago
I would pay the ground rent which is due. Than also write a letter advising the situation and explain why their admin charges haven't been paid. If you know when the ground rent should be paid, I would also advise...
Read More →27th March 2015, 11 years ago
The buyer of a leasehold property could potentially take on the debt of the service charge on the property if the previous leaseholder didn't clear this amount. Your solicitor would or should have contacted the managing agents of the block...
Read More →19th March 2015, 11 years ago
Hi Rita, If the development is not part of a Residential Management Company I wouldn't personally go for this property. There being no savings account will ring bells when major works are required. If its a RMC, that would atleast...
Read More →19th March 2015, 11 years ago
Dear Ms Hanson, We do encourage leaseholders to form a right to manage company to gain control of their block and to buy the freehold once they have been given the opportunity to do so. Before selling, the freeholder is...
Read More →Reply to comment left by Mark Alexander at 19/03/2015 - 10:03
Reply to the comment left by "Mark Alexander" at "19/03/2015 - 10:03": It's a pleasure being here. Thank you for providing the link, we may be in contact with you soon about this. Yes it would be nice to be...
Read More →19th March 2015, 11 years ago
I agree with what Gary Nock is saying. At times RMC thinking they are saving money by avoiding having a managing agent will actually spend alot more. If you are a RMC (which you are), the budget which the agents...
Read More →Reply to comment left by Adrian Jones at 18/03/2015 - 13:10
Reply to the comment left by "Adrian Jones" at "18/03/2015 - 13:10": Dear Mr Jones, You can explain to the owner that due to arrears there aren't sufficient funds in the account, but you cannot inform the owner who it...
Read More →18th March 2015, 11 years ago
Dear Mr Jones. I wouldnt advise you do that unless all the residents of the RMC were on the board of Directors. You could potentially be breaching the Data Protection Act.
Read More →17th March 2015, 11 years ago
Dear Nick. The freeholder is respondible for the 'shell' of the block and the leaseholder would be responsible for whats inside of their own property. The contents insurance for example would therefore be the owners responsibility. Kind Regards
Read More →17th March 2015, 11 years ago
Dear Jim, It is important to have a paper trail and ensure before starting the legal procedure that all the neccesary steps have been taken. Has the service charge demand been issued correctly in line with the lease? For instance...
Read More →