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May, 2015

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  1. Thread: 59 year lease

    by Tipper
    Replies
    6
    Views
    91

    Why buy at all? Would you not be better off...

    Why buy at all? Would you not be better off renting? I often wonder why people in their later years bother with buying at all other than knowing they can't be evicted.
  2. You need to find an experienced surveyor/valuer...

    You need to find an experienced surveyor/valuer who can value your freehold and the lease extensions. Then add what mark up you fancy and include for all your legal costs.
    If they don't like your...
  3. Replies
    6
    Views
    280

    Access for Gas Safety inspection?

    Hi, we're new to letting and need to renew the Landlord's Gas Safety Certificate. Our tenant is being difficult to pin down for a convenient date due to being a very busy person working long hours. ...
  4. Replies
    7
    Views
    197

    Following enfranchisement of the freehold of our...

    Following enfranchisement of the freehold of our house from the estate we have Deeds of Covenant to be signed at each transfer of the 'new' freehold.

    These are 3-way Deeds signed by new owner,...
  5. A further thought: If property can be owned by...

    A further thought:

    If property can be owned by an LLP can assets held by partners prior to setting up an LLP be transferred into an LLP and what would be the CGT/SDLT implications?
  6. Looks feasible to me. Have a read of this:...

    Looks feasible to me. Have a read of this:
    http://www.duport.co.uk/guides/company-structure/holding-property-benefits.php
  7. Thread: User clause

    by Tipper
    Replies
    2
    Views
    124

    Yes. I think the interpretation of a clause like...

    Yes. I think the interpretation of a clause like that is for all living there to be living as one household and sharing their living costs, etc.
    Of course a person with a partner or fiancee would...
  8. Thread: R2FR queries

    by Tipper
    Replies
    12
    Views
    644

    You need to talk to an experienced...

    You need to talk to an experienced enfranchisement solicitor asap. And I mean experienced, not your normal run of the high street jack of all laws.
  9. Replies
    4
    Views
    245

    I think it's immediate if you do it on Companies...

    I think it's immediate if you do it on Companies House website. Maybe add a wife/partner, etc.
    Do you not do your company returns online?
  10. Replies
    4
    Views
    245

    Why not ask the solicitor what he needs? You...

    Why not ask the solicitor what he needs?

    You could resign the secretary and appoint someone else 'online', assuming I read your explanation right.
  11. Replies
    6
    Views
    242

    That's not the way I read it! I'd say you can...

    That's not the way I read it!

    I'd say you can let it just as long as you let the whole, ie not split it up and let a part of it.
  12. Who has the freehold? I would suggest the vendor...

    Who has the freehold?
    I would suggest the vendor has to sort this out otherwise he can't sell the flat!
  13. Replies
    9
    Views
    419

    Certain fire detection/protection needs are a...

    Certain fire detection/protection needs are a legal requirement on the freeholder, but the 3 leaseholders pay for what has to be done.

    Similarly there are other things the freeholder has to do...
  14. Assuming he didn't participate in the freehold...

    Assuming he didn't participate in the freehold then you can charge him what you want for a lease extension as his flat will increase in value with a longer lease.

    However if you try to charge him...
  15. Replies
    2
    Views
    212

    The Management agent has no real authority to do...

    The Management agent has no real authority to do anything unless he is acting for at least 50% of the leaseholders. Ideally he should have a participation agreement signed up by those leaseholders...
  16. Replies
    3
    Views
    262

    I understand LR are working very very slowly at...

    I understand LR are working very very slowly at the moment. We have been waiting what feels like several months for our freehold enfranchisement to be registered.
  17. Tell the freeholder that you want £50k (choose...

    Tell the freeholder that you want £50k (choose you own amount!) each to release your parking spaces from your leases.

    That should wake him up!
  18. Replies
    8
    Views
    314

    I don't mind seeing them pick up after their dogs...

    I don't mind seeing them pick up after their dogs but I wouldn't want to do it myself....it's those little plastic bags hung on bushes that I can't stand!
  19. Replies
    8
    Views
    314

    I would put it to vote at the AGM. But one...

    I would put it to vote at the AGM. But one argumant against is they must have known the restriction before buying.

    (Personally I would fight for the lease to be upheld because dogs bark and cause...
  20. Replies
    6
    Views
    292

    We've just enfranchised the freehold of our...

    We've just enfranchised the freehold of our leasehold house. The service charge as now negotiated in the transfer is now less than £110/year for site/access maintenance. It was around £900 before...
  21. Replies
    7
    Views
    329

    Sounds reasonable to me as the freeholder doesn't...

    Sounds reasonable to me as the freeholder doesn't have to allow you to mess about with HIS building.
    The agent probably has to consult the freeholder which may take time too as the freeholder may be...
  22. You should be asking for a Surveyor's Report...

    You should be asking for a Surveyor's Report detailing the necessary work and the reasons for it and competitive tendering for the resultant agreed specified works.

    Is the managing agent actually...
  23. Replies
    16
    Views
    1,818

    Once you have enfranchised freehold you will...

    Once you have enfranchised freehold you will remain a leaseholder with the freeholder being a limited company with your other leaseholders being the shareholders. However you can then give yourself a...
  24. That's a good question! Perhaps the freeholder...

    That's a good question!

    Perhaps the freeholder has to honour the lease and provide a replacement dwelling for the remainder or the lease term? Sort of the opposite of a leasehold property...
  25. Replies
    11
    Views
    616

    It is likely a shower would draw less water from...

    It is likely a shower would draw less water from the system that an open tap!
    You could get a shower head and hose and do some flow tests into a measuring jug or similar to see.

    Remember also...
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