LandlordZONE

24

Jul, 2014

Thursday

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  1. Replies
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    Views
    179

    While you still have a tenant insitu, I cannot...

    While you still have a tenant insitu, I cannot see you being granted permission. The Council will see in favour of the tenant and will not put him out of business. The fact that he is paying rent,...
  2. Replies
    9
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    179

    Whilst I see your logic, the council will favour...

    Whilst I see your logic, the council will favour the tenant not wanting to put him out of business, unprofitable as it may be. You may need to pay him to leave...
  3. Replies
    9
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    179

    With a tenant already in place, I suspect you...

    With a tenant already in place, I suspect you will have difficulty in change of use back to residential. Usually the council will want proof that there is no viable business use in the area before...
  4. Replies
    4
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    120

    Chubbm, The only way you can negotiate is to...

    Chubbm,

    The only way you can negotiate is to have your own survey done so your surveyor can negiotiate with their surveyor on your behalf. A value that you have obtained on the internet is not a...
  5. Dan_Manchester, 12 months in advance plus 6...

    Dan_Manchester,

    12 months in advance plus 6 weeks deposit. That is what I do for foreign university students. Never had a problem.
  6. Replies
    6
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    160

    WHen I applied for an expat BTL 60%LTV loan some...

    WHen I applied for an expat BTL 60%LTV loan some years back, I was told by Lloyds that the rental income would not be considered in the application?
  7. As there are only 3 of you in the Company, I...

    As there are only 3 of you in the Company, I suggest 1 leaseholder from each flat becomes a director and you can be the company secretary (no vote) You need an uneven number so solutions can be...
  8. Replies
    17
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    582

    When going down the informal route, the...

    When going down the informal route, the freeholder can demand whatever he likes. You can try to negiotiate but frankly you are better off going down the statutory route in six months. Then you can...
  9. Replies
    17
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    582

    In six months...

    In six months...
  10. Remember to declare the 4k to HMRC as it is...

    Remember to declare the 4k to HMRC as it is taxable.
  11. Replies
    7
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    233

    Not an acceptable situation at all. What does it...

    Not an acceptable situation at all. What does it say in the articles regarding compensation of directors, chairman. If they can be compensated, then it should be voted on how much either fixed or...
  12. Funny it is always the leaseholders with the...

    Funny it is always the leaseholders with the larger flats and higher service charge percentages that want to split costs equally, :(happy): but wait, if there is a dividend to be paid, then they...
  13. Tax deduction

    Tax deduction
  14. Each flat should pay what it says in the lease...

    Each flat should pay what it says in the lease for all items. It keeps it simple and fair.
  15. Replies
    12
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    578

    The freeholder can demand any premium he likes as...

    The freeholder can demand any premium he likes as you are going down the informal route due to the Section 42 being filed incorrectly. you can only apply to go down the statuatory route in 2 years....
  16. Replies
    5
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    229

    But then there are these companies that look for...

    But then there are these companies that look for heirs which can be any blood relative as shown on Heir Hunters.
  17. Replies
    7
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    249

    Incorrect - the Company has the right to charge...

    Incorrect - the Company has the right to charge you the full premium plus their solicitor and surveyors fees for the lease extension. At 60 years it is going to be expensive. Do not assume that...
  18. You need to extend your lease at this time as...

    You need to extend your lease at this time as well. It seems that you have reached a stalemate in the negiotiations so you need to decide if it is more important to get rid of the neighbours,...
  19. Replies
    5
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    205

    It is unrealistic to expect to get a lease...

    It is unrealistic to expect to get a lease extension for 25% of the price.
  20. You should hire a surveyor at their expense to...

    You should hire a surveyor at their expense to determine the value of both extensions. You can then find the difference and settle on the cash premium due to you.
  21. Or the one when the buyer thought they had...

    Or the one when the buyer thought they had grabbed a major bargain in London, only to find out they had bought the freehold.....
  22. Replies
    3
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    220

    You will need to get a copy of the freehold title...

    You will need to get a copy of the freehold title and see how many flats are listed under it. It would then be more than 50% of those flats.
  23. Replies
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    1,714

    But the balcony may not have been built to be...

    But the balcony may not have been built to be used, so by putting out table, chairs, this may lead to damage. The freeholder is responsible for the upkeep and repairs so doubtful they would let you...
  24. Replies
    4
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    453

    If there are already many flats on the road, be...

    If there are already many flats on the road, be wary that the Council may want to keep it as a single family home.
  25. Replies
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    288

    Get a sofa from the charity shop or free one from...

    Get a sofa from the charity shop or free one from the Council in their reuse programme.
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