BP Surrey, Author at Property118

BP Surrey

I agree, the lease is "KING" and the freeholders are not able to change the terms of your lease without your approval and should you agree, your solicitor should draw up a Deed of Variation to the Lease which they...

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Extra layer of Management with RTM?

12th April 2022, 4 years ago

Why do want a meeting with the freeholders managing agent, having excercised your right to manage you are in charge. Setting up a meeting with them will only encourage them to be involved and if you seek their help/advice they...

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Reply to the comment left by Sanjeev Markanday at 15/04/2021 - 12:32Reply to Sanjeeve, Gatwick/Crawley. TES Compliance Limited. 01293 912318.

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I had a good experience using a large firm. I have 10 properties was was charged £118 for each of the initial inspections. Five passed with no work at all required and the other five new consumer units and one...

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Tell them you are not able to supply them a copy due to the Data Protection Act.

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Everyone seems to be getting financial support apart from pensioners like me who rely on the rental income from residential and commercial properties they own.

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No Rent For Buy To Let Landlords

21st March 2020, 6 years ago

Does anyone know the situation when a Tenancy Agreement comes to an end. Are you still entitled to take the property back for whatever reason?

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I agree with Justin's comment. I recently sold a leasehold flat owned by my wife and I with the freehold being in my name only. Your solicitor will be able to draw up a new lease for the flat and...

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Ground rent school boy error?

3rd April 2018, 8 years ago

Well having made a few comments very early on in the thread, it has all been very interesting. It would be great if Marcus could update us on the progress being made from time to time and hearing of the...

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Ground rent school boy error?

31st March 2018, 8 years ago

I have one more suggestion for Marcus to consider which might help. Get your solicitor to write to the London Major Sadiq Khan and the Secretary of State for Housing Sajid Javid. In that letter explain you are attempting to...

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Reply to the comment left by David Dorset at 30/03/2018 - 11:03The leasehold valuer is a surveyor mentioned in my earlier post. If the solicitor can strike a deal at an acceptable level as per the going rates using an...

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Ground rent school boy error?

30th March 2018, 8 years ago

I agree with Ian's points, the online calculators for buying the freehold or extending the leasehold for that matter are probably based on the ground rent increasing every 25 or every 33 years rather than doubling every 10 years. The...

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Ground rent school boy error?

30th March 2018, 8 years ago

Good point made by David, you could also consider buying the freehold if you can get enough leaseholders to agree and you are willing to manage the block yourselves. Good savings can then usually be made on service charges.

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Ground rent school boy error?

30th March 2018, 8 years ago

Hi Marcus, I should use the same solicitor who acted for you in purchasing the property in the first instance. He or she might be able to negotiate a deal although you might need to employ the services of a...

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Ground rent school boy error?

30th March 2018, 8 years ago

Having owned the flat for more than two years, you now have the right to extend the lease by a further 90 years at a zero ground rent from the time the lease is extended. To calculate the cost of...

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When a tenant takes on a new tenancy we should be giving the tenants a breakdown of the rent listing any costs incurred and paid to the Councils and Government including income tax. All homes should be tax not just...

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My understanding is, should a leaseholder replace his own windows and at a later date the freeholder decides to replace all the windows in the block, then that leaseholder would still be responsible for paying his percentage contribution towards the...

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I am the secretary of two RTM companies and I own one or two freeholds myself. It is my experience that in most leases the freeholder is responsible for maintaining the windows and it is rare for the leaseholder to...

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Advice on selling Freehold please

2nd December 2016, 9 years ago

Freehold ground rents are a very much sought after investment and they don't become available that often. The ground rents payable that you have noted and assuming the leases expire in 2080 suggests the Freehold investment you own is quite...

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Autumn Statement 2016 – Landlords Reactions

23rd November 2016, 9 years ago

Assuming the agents pass on the fee they currently charge the tenant to the landlord, then the obvious solution seems to me, is for the landlord to offer his property as follows, Rent £750pcm, Deposit £1025, plus 50% contribution to...

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BP Surrey

BP Surrey


Registered with Property118.com

17th August 2015

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