The right under the Leasehold Reform, Housing and Urban Development Act 1993 is to add 90 years to what is left on your existing lease.
Author: Flat Living
Flat Living
At Flat Living we provide information and guidance from leading industry contributors for leaseholders, residents management companies, residents associations, Right to Manage Companies, Freeholders, Landlords and Property Managing Agents.
It is said that in the modern world we do not know our neighbours. This is often true of people living in blocks of flats.
We want to buy the freehold of our building. Are there costs to pay, other than the price of the freehold?
We are living in a ‘Do It Yourself’ world with the internet providing thousands of ideas with wonderful solutions and instructions, making us think anything is do-able and achievable.
Over the next few pages we have put together some ideas to help you breathe new life into that lacklustre lobby or retro reception area.
We are buying the freehold of our building collectively. How do we split the costs between us?
A building will not manage itself, and there is much to be done if the leaseholders are to receive the services promised in the leases and the building kept in good repair
Residents Management Companies members are usually the leaseholders. The RMC must keep an up to date list of its members. Unless it is kept at the registered office, whom could be your Managing Agent or Accountant. The RMC must notify Companies House of where the register is kept, and notify…
The valuation formulae are complex but are primarily based on compensation for loss of ground rent and the length of the unexpired term.
Britain’s flood warnings are abating, but as we enter the winter months the new threat is cold weather.