7 Things to find when you read your lease
Author: [email protected]
29th November 2022, 3 years ago | 9
Registered with Property118.com
9th April 2020
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Bio
40+ years hands-on experience helping leaseholders by providing advice, consultancy and property management services.
21st December 2022, 3 years ago
The starting point here is RTBL. Read The Bl**dy Lease ... to clarify where the flat stops and the rest of the building begins. You need to the words which describe the Demised Property. From what you have said about...
Read More →6th December 2022, 3 years ago
If RTM is not working for you - you should use Right to Enfranchise and buy the freehold. Then your destiny will be in your hands - and the appurtenant land. But even where you have RTM, the Landlord of...
Read More →5th December 2022, 3 years ago
There have been many cases where the First-tier Tribunal has considered a reserve fund. Generally, these cases revolve around whether a reserve fund is permitted under the terms of the specific lease. However, sometimes they revolve around what is "reasonable"....
Read More →Reply to comment left by Suresh Parikh at 29/11/2022 - 16:59
Play nicely children :-)
Read More →Reply to comment left by Suresh Parikh at 29/11/2022 - 13:04
Well, SCP, my view is that reserve funds and/or sinking funds are always a good idea - provided the lease allows them. And to your other point - the "benefit" of a sinking fund for lift renewal (for example) is...
Read More →25th November 2022, 3 years ago
In short, no. He might be regarded as a 'shadow director', if he is doing all the things a director would normally do actions-wise and decisions-wise. If his day job prevents him from being a director formally - why not...
Read More →Reply to comment left by Shining Wit at 29/10/2022 - 07:56
Reply to the comment left by Shining Wit at 29/10/2022 - 07:56True ... and I understand representations are being made to the civil servants in question, in the hope that those holes can be plugged.
Read More →26th October 2022, 3 years ago
#ropa : Regulation of Property Agents petition > https://petition.parliament.uk/petitions/617995
Read More →25th October 2022, 4 years ago
In the penultimate programme, he said the Faculty had rented a house on their behalf. I wish I had an employer like that.
Read More →14th October 2022, 4 years ago
If we look at the recent arrival of the Leasehold Reform (Ground Rent) Act 2022 which took effect on 30th June 2022 ... that arrived on the parliamentary start line about five years earlier. So, if the government actually does...
Read More →10th October 2022, 4 years ago
VAT should not be applicable. The freeholder is trying it on (surprise).
Read More →10th October 2022, 4 years ago
It seems to me that the question of "reasonableness" applies here. Either the survey now is correct - in which case the works 1o years ago were "unreasonable". OR the works back then were fine and the survey now is...
Read More →5th October 2022, 4 years ago
There is an informational article on this very subject, here > https://berniewales.co.uk/who-is-responsible-for-fixing-a-leak/ And one about the insurance excess, here > https://berniewales.co.uk/insurance-excess/
Read More →30th September 2022, 4 years ago
There's a Facebook Group called "Leasehold Advice" which should be useful for you > https://www.facebook.com/groups/334139498656747/
Read More →Reply to comment left by Raj Kirpalani at 28/09/2022 - 18:34
Reply to the comment left by Raj Kirpalani at 28/09/2022 - 18:34There's no upper limit as far as I'm aware.
Read More →28th September 2022, 4 years ago
There are two main ways to deal with this situation - one collectively and one individually. Collectively - you could group together with fellow leaseholders to buy the freehold, using Right to Enfranchise. That needs "more than 50%" to participate...
Read More →Reply to comment left by Puzzler Puzzler at 22/09/2022 - 15:48
Ground rent is only due once a legal s166 notice has been sent. Likewise, if the lease allows, the administration charge is only payable once a legally correct demand is sent, which the correct Summary of Rights & Obligations.
Read More →Reply to comment left by Nina Pink at 22/09/2022 - 11:26
Reply to the comment left by Nina noke at 22/09/2022 - 11:26Contact me via my website > berniewales.co.uk
Read More →21st September 2022, 4 years ago
It is always worth checking that the service charge demand and/or ground rent notice is in a legal form, in accordance with the law and regulations. Just because you're being chased for 'a debt' doesn't mean that debt actually exists...
Read More →5th September 2022, 4 years ago
From the leaseholder viewpoint (rather than landlord viewpoint) be careful about breaching the terms of the lease. Read it VERY carefully. Quite often there is a clause requiring the leaseholder NOT to bring anything explosive onto the property. Calor gas...
Read More →Showing 20 of 159 comments