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01

Jul, 2015

Wednesday

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  1. Replies
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    stevodog, For seeking reforms to Leasehold ...

    stevodog,

    For seeking reforms to Leasehold system , you can raise this problem with your local MP and request him or her to make written complaint to Housing Minister .

    You can also make...
  2. In a property sale, the sellors solicitor acts...

    In a property sale, the sellors solicitor acts for the seller . If you negoitiate with seller for serving notice for statutory extension immediately after exchange of contracts and before...
  3. I think the small claims court will only cover...

    I think the small claims court will only cover claims for money owing to you .

    If you think the freeholder is not doing the maintenance work , you can start a RTM Company to take over the...
  4. Here is the wording in clause 98 from the...

    Here is the wording in clause 98 from the Commonhold & Leasehold Reform Act 2002 :

    http://www.legislation.gov.uk/ukpga/2002/15/notes/division/3/17/4
  5. If you have never rented out your flat, then you...

    If you have never rented out your flat, then you do not have any income which may be liable for income tax.

    As King_Maker has posted earlier you only have liability for capital gains from a ...
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    The free guide to lease extension is available...

    The free guide to lease extension is available by download from LEASE :

    http://www.lease-advice.org/publications/documents/document.asp?item=8
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    1. You say the company owning the freehold title...

    1. You say the company owning the freehold title and the leaseholders ( flat owners ) own one share per flat. Its a small company and 10% of members can a meeting ( EGM ) within 21 days to...
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    I don't think you will find any trained legal...

    I don't think you will find any trained legal proffessionals to study and comment on your lease.

    Its simpler to ask the managing agent if any restriction in the Lease on subletting under AST...
  9. Replies
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    If the sheds are demised with the flats, it would...

    If the sheds are demised with the flats, it would be recorded in the lease and accessable to the leaseholder for the entire term of 99 years lease ?
  10. Replies
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    You can vote for retirement of any director who...

    You can vote for retirement of any director who does not own a flat in the building. The articles of association of RMC should have a clause to say eligible directors must be appointed from the...
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    Do you have a flat roof over the kitchen ? Most...

    Do you have a flat roof over the kitchen ? Most kitchens in flats have ceilings covered in plaster board nailed to celing joists . Are you in a prefab constructed concrete building ?
  12. Some london councils do not allow washing to be...

    Some london councils do not allow washing to be hung up outside block of flats, so flat owner must provide washer & dryer machine for tenant.

    The flat owner has the right to decide if the ...
  13. Replies
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    Its usual for the buyer's conveyancing solicitor...

    Its usual for the buyer's conveyancing solicitor to to inform the RTM of change of leaseholder and register the change of title holder . So the RTM can ask for contact and billing address from...
  14. You seem to have bought a flat in a building,...

    You seem to have bought a flat in a building, without adequate maintenance or the seller ( previous owner of your flat ) passed on the problem to you. But during conveyancing stage, your solicitor...
  15. The current rules are given in the free guide : ...

    The current rules are given in the free guide :

    http://www.lease-advice.org/publications/documents/document.asp?item=8
  16. Replies
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    Is the property in Scotland ? How long is the...

    Is the property in Scotland ? How long is the lease ? Which year did the lease commence ?

    Ask your conveyancing solicitor if subletting using AST agreement is allowed ?
  17. If you want to transfer a 49% interest in the...

    If you want to transfer a 49% interest in the property to wife and the value of this interest is 198K , expect to pay SDLT .

    SDLT is now charged 2% on the 198K less 125K( at 0% ) = 74K x 2% =...
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    Best to avoid investing in a double problem...

    Best to avoid investing in a double problem property on a council estate. A better property in a better location is the best way to choose property for investment.
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    The buildings insurance policy may include cover...

    The buildings insurance policy may include cover for some or all of the following - insuring building , public liability , employee liability, damage by water ingress , subsidence and alternative...
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    The RTM company represents the majority of...

    The RTM company represents the majority of leaseholders and has the right to raise the service charge levy from each flat. The RTM or its managing agent should be maintaining the record of...
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    I think about many thousands of nearly retired...

    I think about many thousands of nearly retired Brits bought properties in Spain and Algarve for retirement use in Winter and holiday letting during the summer months. Some Brits attempted to...
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    It is usual under the lease terms that all flats...

    It is usual under the lease terms that all flats in the block must contribute to the service charge account for monthly maintenance expenses and which may include a reserve fund for long term...
  23. The 15 year ground rent review is not just a ...

    The 15 year ground rent review is not just a straight £200 rise but may be subject to RPI for which the future levels are completely unknown . But the website below gives RPI figures...
  24. If your regulated tenancy has been your only...

    If your regulated tenancy has been your only private residence , you may be treated like owner occupiers and be exempt for any capital gains for the period you lived in the property.

    You should...
  25. Replies
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    For residential leasehold property, you can apply...

    For residential leasehold property, you can apply for statutory 90 years lease extension.

    For hotel which is commercial property, you can only ask for new lease on terms similar to existing...
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