LandlordZONE

17

Apr, 2014

Thursday

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  1. This is a major structural project you are...

    This is a major structural project you are talking about with replacing the roof with a different material, tying the buildings together, reinforcing ceiling joists. Party wall consent from both...
  2. In this case I think the freeholder has a good...

    In this case I think the freeholder has a good case for not wanting a dormer and can withold consent. Adding additional weight to a property that has had subsidence may invalidate insurance for...
  3. She is free to fix whatever is damaged before she...

    She is free to fix whatever is damaged before she leaves ie replace doors, floors. I would wait until you have possession and then repair. She does not need to know the costs beforehand. Do not...
  4. Ask the tenants for the landlord (owner's)...

    Ask the tenants for the landlord (owner's) details.
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    ram, Shareholders should be invited to all...

    ram,

    Shareholders should be invited to all general meetings. It is only directors meetings when they are not invited. It is not always possible to accomodate everyone and I too would object to...
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    Surely you can send a proxy to represent you.

    Surely you can send a proxy to represent you.
  7. Why dont you move back home?

    Why dont you move back home?
  8. First Tier Tribunal

    First Tier Tribunal
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    My 4 year old Zanuusi had the exact same problem....

    My 4 year old Zanuusi had the exact same problem. Freezer cold, fridge not. Called out the technician and said it had run out of gas. 80.-GBP. 5 weeks later tenants called neither fridge nor...
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    But the OP only wants to buy the loft above his...

    But the OP only wants to buy the loft above his flat, not the entire loft space. If the Company decides to auction off the entire loft, which has access from the communal areas, it makes more sense...
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    Not necessarily as there is a lift shaft in the...

    Not necessarily as there is a lift shaft in the building with space above it, so theoretically the Company could build an entire new flat on the top, subject to planning permission.
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    The shareholders spent a lot of money buying the...

    The shareholders spent a lot of money buying the freehold. It is only fair that all profit from the sale of the loft, not just yourself by paying below market value. Iit is in the Companys best...
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    But you are thinking of a mansard conversion, if...

    But you are thinking of a mansard conversion, if possible, but on the other loft that is not above your flat? As you have to reinforce the floor joists of the conversion, the ceiling can be lowered...
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    Correct, the Company can decide a figure, but...

    Correct, the Company can decide a figure, but this opens up the gateway to be sued by a shareholder/s for underselling an asset. If the Board has an independent valuation, then the Board is...
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    As an owner and director of a "share of freehold...

    As an owner and director of a "share of freehold Company" of a flat in West London, I know how valuable loft space is and the large premium it can command. Therefore I would be insisting that the...
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    Most people know that the loft, especially in...

    Most people know that the loft, especially in West London, is a huge asset as it can be developed into extra living space. This increases the value of a flat by a very large amount. The difference...
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    Be prepared for the loft is going to be valued at...

    Be prepared for the loft is going to be valued at more than 20K. Lots of comps for attic space in West London and I remember the LHA selling a loft for 36K in W6 in 2011 on Homes under the Hammer.
    ...
  18. No. It is in their best interest to extend now...

    No. It is in their best interest to extend now as it becomes more difficult to obtain a mortgage with less than 70 years on the lease. Ask your solicitor to draw up a Deed of Variation to extend...
  19. The best scenario is all 3 of you renew at the...

    The best scenario is all 3 of you renew at the same time as you can use 1 solicitor. The only cost would be each of you paying your solicitors costs typicallly 400 to 500 pounds. If two of you...
  20. Why not move the kitchen back to its original...

    Why not move the kitchen back to its original position temporarily and then apply for a licence to alter?
  21. Your solicitor should first ask the freehold...

    Your solicitor should first ask the freehold company what their policy is when coming to lease extensions. I bought a share of freehold flat with 74 years left. The freehold company was going to...
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    I found the inventories done by agents were full...

    I found the inventories done by agents were full of errors. Frankly no agent knows the property as well as I do. I produced my own from looking at many different ones. It took a lot of work as It...
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    Change the locks and keep the old ones. Refuse...

    Change the locks and keep the old ones. Refuse all viewings. What can the agent or landlord do? Put an offer in at the price you are prepared to pay if you still want the house.
  24. I would suggest you try and buy the freehold with...

    I would suggest you try and buy the freehold with the other flat.
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    The auction idea is a farce - you cannot put up...

    The auction idea is a farce - you cannot put up a space for sale in a public auction that is only accessible from your flat.

    You have implied that you only agreed to participate in the freehold...
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