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Jul, 2014

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  1. Royal_Borough, Look for a clause which says "...

    Royal_Borough,

    Look for a clause which says " After any transfer, assignment , disposal , mortgage charge , sublet etc , the lessee shall serve a notice of registration on the lessor or lessor's...
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    The purpose of the RTM company is to allow a...

    The purpose of the RTM company is to allow a majority of leaseholders in the block to legally take control of the service charge account administration and maintenance of the building responsibility...
  3. This thread may help : ...

    This thread may help :

    http://www.propertytribes.com/missing-freeholder-t-2640.html
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    The C&LRA 2002 sections 96 and 97 gives powers...

    The C&LRA 2002 sections 96 and 97 gives powers for the RTM Company to administer the service charge account, so you should expect the sc demand note to show RTM Company as the legal party entitle...
  5. 1. You should buy a copy of the freehold title...

    1. You should buy a copy of the freehold title from Land Registry and check when the freehold title was last purchased.

    2. Your conveyancing solicitor will advise if you have any need to buy...
  6. You should pay a local RICS surveyor to make the...

    You should pay a local RICS surveyor to make the calculation for you ( plus negotiate with the freeholder ).

    When did your lease start ? what was the assessed value of leasehold property for...
  7. Its your FH being unreasonable. Does wording in...

    Its your FH being unreasonable. Does wording in your lease require the leaseholder to pay anything for FH consent to let ?

    The estimated cost for extending a lease with 95 years unexpired term ...
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    1. The 2 years minimum period applies to new ...

    1. The 2 years minimum period applies to new leaseholders applying for statutory lease extension.

    2. Enfranchisng a building with 2 leasehold flats , requires both leaseholders to participate ....
  9. The following links may help you : ...

    The following links may help you :

    http://www.legislation.gov.uk/ukpga/1993/28/section/60

    http://www.proleagle.com/s60costs.htm
    ...
  10. Download the free guide to leasehold house...

    Download the free guide to leasehold house enfranchisement from www.lease-advice.org
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    There is a rough calculation for cost of...

    There is a rough calculation for cost of statutory lease extension posted by our expert a few years back which can give your an idea of the cost of 90 years extension at nil ground rent . Using...
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    Your right to lease extension is the statutory ...

    Your right to lease extension is the statutory 90 years = 162 years at peppercorn ground rent . Any agreement outside the statutory terms is probably to LL's advantage. You can download a...
  13. Its better to choose an estate agent with shop on...

    Its better to choose an estate agent with shop on a main road and near to a tube station and paying 1.5% rate is common in London area.

    If you have 2 agents appointed as sole agent and one...
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    Just pretend to not know about the 3 mortgage ...

    Just pretend to not know about the 3 mortgage limit and ask BM if you can port your mortgage onto another property .
  15. In UK, your income is the rental profit ( = 12...

    In UK, your income is the rental profit ( = 12 months rent less allowable expenses and mortgage interest ). But if the profit is below the personal allowance, then you pay no income tax to HMRC.
    ...
  16. What address does HMRC have for sending the...

    What address does HMRC have for sending the annual tax return to you ?
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    What is OMV scheme ? When did your lease and...

    What is OMV scheme ? When did your lease and ground rent start ?
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    You can download the free guide on...

    You can download the free guide on enfranchisement from www.lease-advice.org
  19. The leaseholder only owns a long term rental...

    The leaseholder only owns a long term rental agreement whilst the property is owned by the freeholder.
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    The date of starting lease , current annual...

    The date of starting lease , current annual ground rent and next ground rent increase is written into the lease.

    You can buy a copy of the leasehold title and freehold title from Land Registry...
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    You need a face to face meeting with a local tax...

    You need a face to face meeting with a local tax accountant to discuss your options including VAT issues.
  22. Have you registered with HMRC as non-resident...

    Have you registered with HMRC as non-resident using the NRL 1 form ? if not, you may be on their records as still resident tax payer.

    Under current HMRC rules, if you sell before 5th April...
  23. The OZ tax net is charged on worldwide income...

    The OZ tax net is charged on worldwide income according to this site :

    http://www.exfin.com/foreign-income-tax
  24. A leasehold title is only a long term rental...

    A leasehold title is only a long term rental agreement and your rights as tenant/lessee are less than the rights of the lessor/freeholder.

    The offer of freehold title has to be offered to both...
  25. You can find a rough calculation method posted ...

    You can find a rough calculation method posted on LZforum thread no. 11080.

    Best to consult a local RICS surveyor for market valuation ( used for mortgage borrowing ) .
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