New management company appear out of thin air demanding thousands?
2 years ago | 16 comments
Change to stop rentals in flat development?
12:02 AM, 12th December 2023, 2 years ago
16
Hello, I have owned 3 flats in a block of flats for 20 years, which I rent out, and the service management company have just changed hands and decided unilaterally to not allow rentals there because of “antisocial behaviour”.
I had just agreed to sell one of these to an investor and the management charged me the fee for the sellers pack, and then in the last few weeks, they decided that the new buyer wouldn’t be able to rent it out, I’m flabbergasted.
I’m at my wits end, can anyone suggest what I need to do next?
Thanks,
Steve
Tags:
anti-social behaviour, Legal Action, Property management, property rights, UK Landlord Dilemmas
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Member Since January 2020 - Comments: 559
1:44 PM, 12th December 2023, About 2 years ago
The key here is to speak to your solicitor. Clearly your lease has to be the starting point and you know this forbids letting.
If you have consent to let then you need to unravel this with the managing agent, but that may take time and legal fees.
Member Since March 2017 - Comments: 11
1:57 PM, 12th December 2023, About 2 years ago
Reply to the comment left by Wendy at 12/12/2023 – 12:42
70 flats ,that would be a lot of money for the freehold
Member Since January 2015 - Comments: 1431 - Articles: 1
2:07 PM, 12th December 2023, About 2 years ago
Unless your Lease precludes sub-letting/renting out your property I don’t think the management can do this. Especially as you have rented out for many years
Member Since September 2023 - Comments: 28
2:14 PM, 12th December 2023, About 2 years ago
Reply to the comment left by Steve Guest at 12/12/2023 – 13:57
Possibly!!
But Collective Enfranchisement would be an option especially if it helps increase the value of all the properties.
Member Since September 2023 - Comments: 92
5:25 PM, 12th December 2023, About 2 years ago
It is one for proper legal advice but if a number of individuals have been letting for an extended period of time (10 years plus as per OP) would that not give a practice and custom argument?
Member Since October 2022 - Comments: 402
5:44 PM, 12th December 2023, About 2 years ago
Response to Cotango: Shared ownership is different to leasehold with a share in freehold interest held in an incorporated Residents Management company limited by shares in which each leaseholder holds one paid up share with voting rights