LandlordZONE

30

Jul, 2014

Wednesday

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  1. Replies
    106
    Views
    4,010

    dominco, The agents are correct and...

    dominco,

    The agents are correct and leaseholdanswers and myself have said the Company needs to have a valuation done at your expense if you wish to develop the loft into a habitable space. Then a...
  2. The fault lies with the landlord. It is their...

    The fault lies with the landlord. It is their property and if gas is not used in the property, the meter should have been removed or the LL should pay for the standing charges.
  3. No reason why you cant exchange and complete on...

    No reason why you cant exchange and complete on same day.
  4. Replies
    10
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    233

    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,...
  5. Replies
    10
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    233

    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...
  6. Replies
    10
    Views
    233

    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...
  7. Replies
    4
    Views
    144

    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...
  8. 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.
  9. Replies
    6
    Views
    186

    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?
  10. 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...
  11. Replies
    17
    Views
    745

    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...
  12. Replies
    17
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    745

    In six months...

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

    Remember to declare the 4k to HMRC as it is taxable.
  14. Replies
    7
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    262

    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...
  15. 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...
  16. Tax deduction

    Tax deduction
  17. 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.
  18. Replies
    12
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    749

    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....
  19. Replies
    5
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    240

    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.
  20. Replies
    7
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    258

    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...
  21. 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,...
  22. Replies
    5
    Views
    212

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

    It is unrealistic to expect to get a lease extension for 25% of the price.
  23. 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.
  24. 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.....
  25. Replies
    3
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    225

    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.
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