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Dec, 2014

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    Good accountants in (eastish) London?

    As the title suggests, someone who can produce (a) company and (b) service charge accounts for us (c. £40k service charge budget). I've done it for the past few years but am moving on to pastures...
  2. Answering daft "standard questions" from conveyancer as freeholder?

    Good morning all

    Thankfully I don't have to do this that often, but one of our flats is being sold and I have received the usual "standard questions" from the conveyancer. A number are relatively...
  3. Carine You don't say what period your service...

    Carine

    You don't say what period your service charge accounts cover? I assume for this answer that they are from 1 January to 31 December. Also I assume you are not an accountant, so will try to...
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    Agree with leaseholdanswers, freehold companies...

    Agree with leaseholdanswers, freehold companies (F) which act as managing agents for their leaseholders (L) *cannot* be dormant (think of it this way - roof starts to leak, F calls roofer, roofer...
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    that's equivalent to an inflation rate of around...

    that's equivalent to an inflation rate of around 28%, compared to a market expectation of say 2-3% over the long term. You could of course reflect it in the price you offer (the stream of ground rent...
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    Water leak liability...yes, again!

    Good afternoon helpful folk

    A serious water leak from the flat above ours has caused several £100 of damage. Relevant info is:

    - flat above is owned by **** Council [names altered to protect...
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    I think you are confusing the ground rent that...

    I think you are confusing the ground rent that the shareholders probably now don't pay, and the ground rent that Malc still does. Let's say he pays £100 a year...to get £100 a year on a bank deposit...
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    Sorry, it was indeed ram...easy mistake to make...

    Sorry, it was indeed ram...easy mistake to make around these parts!

    Not sure why "Malc_p just needs to pay what his share was at the time" is a fact? For a start (unless there's something in the...
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    I am in a not dissimilar situation, albeit I am...

    I am in a not dissimilar situation, albeit I am (managing) the freehold company. They are a little confused, as leaseholdanswers says, there are no real proceedings, they simply issue you a share in...
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    Thanks, will do. Any idea (roughly) how much they...

    Thanks, will do. Any idea (roughly) how much they might charge?

    A
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    Valuing freehold reversion Part Two...

    Related to my earlier post, but different:

    My fellow board members have asked, understandably, if we can get a second opinion on the valuation of our freehold company (for the purpose of issuing...
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    Solar panels on freeholder's roof

    Good afternoon

    I am at the (very!) early stages of investigating the installation of solar panels on our freehold roof (for the avoidance of doubt I control the freehold, so from that perspective...
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    I am very well thank you. Meanwhile, back on...

    I am very well thank you.

    Meanwhile, back on the subject of reversion, the following is very useful:
    ...
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    Er, no, I am not conflating marriage value with...

    Er, no, I am not conflating marriage value with anything, I was simply referring to that as an area where fudges seem to be made. I am completely clear that the Present Value (PV) of a freehold is...
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    Yes I am happy with capitalising the ground rent;...

    Yes I am happy with capitalising the ground rent; however, your comments re the marriage value* etc. don't address my (admittedly theoretical) question re what property value to discount. Again,...
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    Thanks but it simply repeats the usual trope of...

    Thanks but it simply repeats the usual trope of using today's value as the value at the end of the lease, seeming to take no account whatsoever of property value increase (there is a small adjustment...
  17. You have my sympathy! I can't advise on the...

    You have my sympathy! I can't advise on the recoverability or otherwise of the actual service charges, but I have just been in a very similar position reconstructing my freehold accounts. Previously...
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    Valuing freehold reversion

    Yes, lengthy topic I know, however, I would like the forum's views on one particular point: when valuing the freehold reversion, why is it that the *current* value of the building is used? For...
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    Professional block management charges?

    I know this is a hoary old subject, and the answers are usually related to the length of string, but I am just looking for some rough guidance in order to demonstrate value for money for our...
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    Financial reporting for RMCs - update

    For those interested, the FRC have recently released a draft of FRED 50
    ...
  21. Landlords Electrical Installation inspection?

    I have been advised (which advice I am taking with a pinch of salt...) that the freehold parts of the building I manage require the above, as "detailed" here:
    ...
  22. Thanks for posting...is there anywhere I can...

    Thanks for posting...is there anywhere I can download a complete revised template, i.e. so I can just cut and paste, rather than having to go through the above word by word replacing etc.?
  23. Thanks, very helpful as usual...I was a bit lazy...

    Thanks, very helpful as usual...I was a bit lazy and didn't want to go through my shopping list in detail...in essence I want to keep all the good bits of the previous articles (which do have...
  24. This is a pretty good summary of what/why: ...

    This is a pretty good summary of what/why:

    http://www.companylawclub.co.uk/topics/updating_articles.shtml

    ..but I am tempted to incorporate some of the RTM article language, as I don't think it...
  25. Thank you for the warnings, I do understand the...

    Thank you for the warnings, I do understand the difference between the Mem and the Arts...and will not be changing on a whim despite the slightly frivolous tone of my original post!

    I am not a...
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