LandlordZONE

05

Aug, 2015

Wednesday

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  1. Have a read on...lease-advice.org As a...

    Have a read on...lease-advice.org
    As a leaseholder you have the power to extend your lease or enfranchise the freehold. I don't think newness comes into it! I do wonder why the builder didn't sell...
  2. Have you considered gaining the freeholds of your...

    Have you considered gaining the freeholds of your individual houses? That would get rid of the leases and owners could manage their own homes.
  3. I did it strange that someone living in, or...

    I did it strange that someone living in, or indeed letting, a property in a communal building wants to stop a fire alarm being installed that could save a life...possibly their own!
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    I agree. It is only letting part of the flat...

    I agree.
    It is only letting part of the flat that is not allowed, so as to stop multiple occupancy, etc. If the flat is under an AST then it has not been assigned in the context of the...
  5. What does your lease say about ownership of the...

    What does your lease say about ownership of the floorboards, joists and ceilings? Some leases define who is responsible for those three elements, some don't!
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    I don't understand the calculation either so...

    I don't understand the calculation either so you're not alone!

    We've recently achieved the freehold of our house worth about £300k, 105 years or so on lease but with a peppercorn rent so nil...
  7. Can you not call a freeholders meeting where the...

    Can you not call a freeholders meeting where the majority decision goes forward?

    999 lease is what you should be giving yourselves but why does the remaining freeholder not want to extend the...
  8. Creating a second dwelling needs full planning...

    Creating a second dwelling needs full planning permission and that should have been your starting point so the fact that the planning department is not happy is no surprise. Your architect should...
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    I think you need to communicate direct with the...

    I think you need to communicate direct with the council who are stated to own the roof. The agent obviously doesn't have authority to give you premission to alter the roof, only the freeholder, ie...
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    Lease-advice.org gives valuable advice on...

    Lease-advice.org gives valuable advice on enfranchising your freehold and lease extension using the rights in law for leaseholders. It's government sponsored so can be trusted.

    You can get your...
  11. In my experience the costs being suggested are...

    In my experience the costs being suggested are quite good. You need to be aware though that if the freeholder plays silly beggars and argues about every little thing your legal costs can rise...
  12. I'm not so sure about that. The LR's current...

    I'm not so sure about that. The LR's current property plan guidelines show internal layout plans of flats for inclusion in a leasehold title plan.
  13. In my experience if the lease says you have to...

    In my experience if the lease says you have to pay...then you have to pay.
    It is unlikely the agent will place any contracts unless he has the required money in the bank, hence the need to collect...
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    Thanks. Noted. From further reading it seems...

    Thanks. Noted.

    From further reading it seems we will have to close the business and then sell the flats to qualify. It is our intention to stop letting at the end of this season (Sept) and we now...
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    Get hold of the company's Memorandum and...

    Get hold of the company's Memorandum and Articles. This will identify how the company operates with respect to the appointment (and dismissal) of directors and also the calling of meetings such as...
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    A way forward would be to enter into a...

    A way forward would be to enter into a development agreement with a property company for them to gain planning permission and build new flats and commercial units. You to remain a party to all new...
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    Thanks for that. But HMRC define FHL as a...

    Thanks for that.

    But HMRC define FHL as a business...surely they can't have it both ways?

    The flats are the business assets. The building was bought and the flats created solely for the FHL...
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    CGT Entrepreneur's Relief?

    My wife and I run a Furnished Holliday Lettings business (FHL) and intend to close it over the next few months/years as we sell off the business assets, ie the letting units. The business assets...
  19. There's usually a wayleave for a cable running...

    There's usually a wayleave for a cable running across or over someone else's property.
    Get in contact with the local electricity distribution company and ask for the details of the wayleave. If it...
  20. Best to read your lease before spending money on...

    Best to read your lease before spending money on improvements!
  21. It's more likely to be the buyer's mortgage bank...

    It's more likely to be the buyer's mortgage bank chasing superfluous documentation.

    We had the same when re-mortgaging our holiday flats buiding...they wanted copies of everything presumably for...
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    That's what solicitors do, particularly...

    That's what solicitors do, particularly conveyancing specialists.
  23. It would probably be cheaper and easier to...

    It would probably be cheaper and easier to enfranchise the freehold rather than phaff about trying to prove if someone did or did not fail to comply with the law some 20odd years ago!

    If the...
  24. If there are only 2 directors managing the block...

    If there are only 2 directors managing the block then they can make the decision and get on with the works.
    However if it costs more than £250 per leaseholder then you have to follow the law that...
  25. Walk away! Sounds like the vendor, the flat and...

    Walk away! Sounds like the vendor, the flat and the housing association may be a pita.
    I know finding flats in London is difficult but as my mother always said "Don't run for the bus, another one...
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