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Aug, 2014

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  1. Replies
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    137

    Building's insurance is an item of service...

    Building's insurance is an item of service charge under the L&T Act and when service charge contributions are demanded from leaseholders, a summary of rights and obligations must be attached or the...
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    196

    Inside the free guide by LEASE you should find...

    Inside the free guide by LEASE you should find this included :

    Summary of service charges accounts

    Leaseholders have a statutory right to seek a summary of the service charge account from the...
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    The RTM company has responsibility for the...

    The RTM company has responsibility for the collection of service charges contributions and for the maintenance of the block of flats plus carrying out minor duties occasionally when legal notices are...
  4. Thread: Accounts

    by Gordon999
    Replies
    6
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    204

    As a leaseholder, you should get a copy of thee...

    As a leaseholder, you should get a copy of thee audited service charge accounts within 6 months from the end of the 12 months reporting period.

    As a member of the public , you can buy a copy of...
  5. Have you spoken to the selling agents for the...

    Have you spoken to the selling agents for the property ? Have you checked the wording in your leases about transfer of property.?

    Usually the conveyancing solicitor acting for a prospective...
  6. Replies
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    See free guide on service charges : ...

    See free guide on service charges : http://www.lease-advice.org/publications/documents/document.asp?item=14
  7. There is no legal right to compel a freehold...

    There is no legal right to compel a freehold company to sell you a share in the company which owns the freehold of your block. All you can do is apply for a statutory 90 years extension and stop...
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    The audited accounts should be available with 6...

    The audited accounts should be available with 6 months of the end of 12 months reporting period , so not later than end of September.
    ...
  9. You can download a free guide on procedure to...

    You can download a free guide on procedure to leasehold enfranchisement from www.lease-advice.org

    You need to make some research to find out what the cost is likely to be . If the leases are...
  10. Replies
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    Your conveyancing solicitor should be the one to ...

    Your conveyancing solicitor should be the one to explain the terms of the lease to you and whether the cost of repairs to joists is shared by the 3 leaseholders or solely by the freeholder ?
  11. Replies
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    Hmrc have not stated any sum claimable for using...

    Hmrc have not stated any sum claimable for using your home as an office. You are not allowed to charge yourself for your own time done working .

    If you want to claim an expense , it must be...
  12. Thread: Cgt

    by Gordon999
    Replies
    4
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    195

    You probably can claim exemption to cgt for...

    You probably can claim exemption to cgt for period of own residence = 1 live in + 1 year overseas + 1.5 moving out = 3.5years only. ( not for period under rental ).

    The total capital gain is...
  13. Replies
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    If Bobsam is a former UK resident or is a UK/...

    If Bobsam is a former UK resident or is a UK/ EU passport holder, he is entitle to claim the personal tax allowance which in tax year 2007/08 was £ 5225.( or £ 7550 if aged 65 or over)

    So if...
  14. Royal_Borough, Look for a clause which says "...

    Royal_Borough,

    Look for a clause which says " After any transfer, assignment , disposal , mortgage charge , sublet etc , the lessee shall serve a notice of registration on the lessor or lessor's...
  15. Replies
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    889

    The purpose of the RTM company is to allow a...

    The purpose of the RTM company is to allow a majority of leaseholders in the block to legally take control of the service charge account administration and maintenance of the building responsibility...
  16. This thread may help : ...

    This thread may help :

    http://www.propertytribes.com/missing-freeholder-t-2640.html
  17. Replies
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    889

    The C&LRA 2002 sections 96 and 97 gives powers...

    The C&LRA 2002 sections 96 and 97 gives powers for the RTM Company to administer the service charge account, so you should expect the sc demand note to show RTM Company as the legal party entitle...
  18. 1. You should buy a copy of the freehold title...

    1. You should buy a copy of the freehold title from Land Registry and check when the freehold title was last purchased.

    2. Your conveyancing solicitor will advise if you have any need to buy...
  19. You should pay a local RICS surveyor to make the...

    You should pay a local RICS surveyor to make the calculation for you ( plus negotiate with the freeholder ).

    When did your lease start ? what was the assessed value of leasehold property for...
  20. Its your FH being unreasonable. Does wording in...

    Its your FH being unreasonable. Does wording in your lease require the leaseholder to pay anything for FH consent to let ?

    The estimated cost for extending a lease with 95 years unexpired term ...
  21. Replies
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    1. The 2 years minimum period applies to new ...

    1. The 2 years minimum period applies to new leaseholders applying for statutory lease extension.

    2. Enfranchisng a building with 2 leasehold flats , requires both leaseholders to participate ....
  22. The following links may help you : ...

    The following links may help you :

    http://www.legislation.gov.uk/ukpga/1993/28/section/60

    http://www.proleagle.com/s60costs.htm
    ...
  23. Download the free guide to leasehold house...

    Download the free guide to leasehold house enfranchisement from www.lease-advice.org
  24. Replies
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    There is a rough calculation for cost of...

    There is a rough calculation for cost of statutory lease extension posted by our expert a few years back which can give your an idea of the cost of 90 years extension at nil ground rent . Using...
  25. Replies
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    Your right to lease extension is the statutory ...

    Your right to lease extension is the statutory 90 years = 162 years at peppercorn ground rent . Any agreement outside the statutory terms is probably to LL's advantage. You can download a...
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