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Dec, 2014

Wednesday

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  1. Thread: Reserves

    by bbva
    Replies
    22
    Views
    734

    Beware - we did exactly this and all agreed at an...

    Beware - we did exactly this and all agreed at an AGM to credit the surplus from the service charge to the reserves. We have a reserve fund in our lease. One of the leaseholders 3 years later has...
  2. Thread: Reserves

    by bbva
    Replies
    22
    Views
    734

    The lease requires the recrediting of the surplus...

    The lease requires the recrediting of the surplus and it would be illegal for them not to do it. It does not appear that there is provision for a reserve. Be glad you have a MA that actually has...
  3. Thread: Reserves

    by bbva
    Replies
    22
    Views
    734

    tonyjohn789, The agent is correct in that they...

    tonyjohn789,

    The agent is correct in that they have to credit the excess service charge to your account. You may not be paying service charges for a while if it is a large amount.
  4. Thread: Reserves

    by bbva
    Replies
    22
    Views
    734

    More important - Does your lease have provision...

    More important - Does your lease have provision for a reserve fund? If not, you will have to refund the money.
  5. Thread: Reserves

    by bbva
    Replies
    22
    Views
    734

    It only matters what is written in the lease. No...

    It only matters what is written in the lease. No vote can override the lease. Can you write the exact wording down here. We are currently been taken to the FTT for a similar situation where we all...
  6. Why not take a photo of the meter reading each...

    Why not take a photo of the meter reading each month and send it to the tenant or landlord.
  7. ram, You have no idea what the previous person...

    ram,

    You have no idea what the previous person did. We had the same problem in our building. Loft converted in the 1990's. Noticed in 2011 that the outer walls were bowing. It transpired that...
  8. Replies
    7
    Views
    280

    CFROP, Do you contribute equally to the...

    CFROP,

    Do you contribute equally to the reserve or do some flats pay more and some less depending on their service charge %.
  9. Replies
    1
    Views
    172

    Date problems with the lease

    Our lease states that our SC are due in advance on the 10 October 2014 and we have 14 days to pay up. Our year end is also the 10Oct 2014. So which year accounts should the SC be applied to 2013 or...
  10. Replies
    9
    Views
    395

    Is it a freehold house or a leasehold flat?

    Is it a freehold house or a leasehold flat?
  11. Sorry but if you had to evict the tenants, it is...

    Sorry but if you had to evict the tenants, it is more than likely they caused the damage in the last 3 months.
  12. Replies
    12
    Views
    1,101

    We are be taken to court over an S20 notice that...

    We are be taken to court over an S20 notice that one of the leaseholder claims is incorrect. The notice was prepared by an experienced managing agent so I do not think it is foolish if the MA feels...
  13. Replies
    31
    Views
    2,378

    Buy with vacant possession as The house is in an...

    Buy with vacant possession as The house is in an area for demand so you should not have a large void and you can get the extra 50 pounds a month.
  14. Your case is against the tenants and not the...

    Your case is against the tenants and not the letting agency. The tenants could have refused entry to the LA or the damage could have been caused just before they left. As long as you have an...
  15. Read your lease and see whose responsible. May...

    Read your lease and see whose responsible. May be time to do RTM.
  16. Replies
    11
    Views
    446

    You could always take it to auction. That may...

    You could always take it to auction. That may spur them on.
  17. Replies
    11
    Views
    446

    Maybe they dont have the 100K to pay.

    Maybe they dont have the 100K to pay.
  18. You need to see the accounts in question with the...

    You need to see the accounts in question with the income and expenditure sheet.
  19. Replies
    16
    Views
    1,398

    My advice would be to pay for a solicitor to read...

    My advice would be to pay for a solicitor to read the lease very carefully and see exactly what the obligations are. Then go to the FTT to get a manager appointed to sort it out and deal with...
  20. Replies
    9
    Views
    247

    On structural alterations, they can refuse to...

    On structural alterations, they can refuse to give consent and there is very little you can do legally to make them consent. They may be reluctant as more bedrooms, more people, more noise. That's...
  21. Replies
    9
    Views
    247

    You are assuming that a share of freehold equates...

    You are assuming that a share of freehold equates to consent - it does not.

    Even where you own a share of the freehold the other co-owners are not bound to consent to such an arrangement. You...
  22. Replies
    9
    Views
    247

    It's not about rewarding them. As freeholders,...

    It's not about rewarding them. As freeholders, they are entitled to a premium and it is also within their rights to refuse any alterations.
  23. Replies
    9
    Views
    247

    Offer money!

    Offer money!
  24. Replies
    60
    Views
    3,902

    9 out of 10 times, these tenants usually have the...

    9 out of 10 times, these tenants usually have the latest and largest TV:(grin):
  25. You will need a Deed of Variation to the lease...

    You will need a Deed of Variation to the lease showing that the loft belongs to you and that you have permission to convert the loft into living space, to include a mansard subject to planning...
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