user_14547

Registered with Property118.com
Monday 24th July 2017


Latest Comments

Total Number of Property118 Comments: 155

silversurfer2017

12:19 PM, 27th November 2020
About 3 days ago

Compliance Conundrum when tenant won't leave?

What strikes me about this story is that the problem seems to have originated from an erroneous assumption that the tenant would move on. We all have had tenants that have stayed a long time. One tenant was with me for 11 years and then only moved out because she was not allowed by the management company to keep her pet cat. What incentive would the tenant have to move on if the rent was cheap? For some tenants, assuming the location is OK, a low rent is more desirable than a more updated property at a higher rent. If the property was only just habitable when purchased then why wasn't the tenant given notice to leave so that at least some of the restoration work could be carried out before the property was re-let? Just to do nothing and sit back was not an really an option and will now probably cost the owner a lot of money to extricate himself from this situation. Bribing the tenant to leave will probably be the cheapest option as then hopefully any fines will be avoided.... Read More

silversurfer2017

14:57 PM, 16th November 2020
About 2 weeks ago

Do I borrow and renew lease now?

Reply to the comment left by Highland Lass McG at 16/11/2020 - 13:37
Just read your last comment.
Don't wait for the government to sort out the leasehold mess.
With Covid and Brexit it is not going to happen in this parliament.
I am not sure the following government will do any better as there are so many vested interests in continuing with the existing set up.... Read More

silversurfer2017

14:50 PM, 16th November 2020
About 2 weeks ago

Leaseholders and service charge on different sized flats?

INHO the fairest way is to apportion service charges is on a square footage basis. This is how it is calculated on one of our flats in a development.... Read More

silversurfer2017

14:45 PM, 16th November 2020
About 2 weeks ago

Legal action against Government's lockdown evictions ban

This is the kind of action that could and should have been initiated by the NRLA.
It should be no surprise that I have recently cancelled my direct debit as I will not be renewing my membership.... Read More

silversurfer2017

14:37 PM, 16th November 2020
About 2 weeks ago

Do I borrow and renew lease now?

Reply to the comment left by Highland Lass McG at 16/11/2020 - 13:37
It all depends. There is more than 80 years on your lease so there will be no marriage value. The cost of the lease extension will be the combined cost of the valuer and solicitor used by the council, plus of course the cost of your own solicitor and valuer. These 4 items added together should not be more than £5,000 including vat (unless we are talking about central London). Then you need add on the premium for any ground rent reduction. If you are wanting zero ground rent then it is probable that this won't be offered by the council but if they just want say a fairly nominal amount like £100 per annum then this would be OK providing you get a reasonable length to the non statutory extension the council are offering. I would go for at least 40 years otherwise if they only want to give you 20 years then in 20 years time you have to extend again. If you sell in 20 years time there would still be 104 years left on the lease which will be fine for any new buyer. You need a good solicitor who specialises in leases. Any extended lease needs to be examined to make sure no extra or changed clauses are inserted to your detriment. If you to to http://www.alep.org.uk you will find links to solicitors and valuers that specialize in leasehold work. (Association of Leasehold Enfranchisement Practioners). You can perhaps dispense with a valuer, (I did on my last lease extension), but you defintely need your own solicitor... Read More