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Monday, December 11, 2017 Mark Chick Guest Contributors

Leasehold Life is very pleased to publish this exclusive from Mark Chick, property expert, specialist leasehold solicitor and a Partner at Bishop & Sewell LLP. Mark is also a Director of the Association of Leasehold Enfranchisement Practitioners (ALEP).

Here Mark addresses a lot of ‘consumer concerns’ arising when people want to buy a short lease flat and then need to serve notice.

So, you have found the dream flat and made your offer and it has been accepted – and then, someonestarts mention...

Monday, December 11, 2017 Mark Chick Guest Contributors

Mark Chick is a property expert, specialist leasehold solicitor and a Partner at Bishop & Sewell LLP. He is also a Director of the Association of Leasehold Enfranchisement Practitioners (ALEP) Here, Mark has written an exclusive for Leasehold Life where he focuses on a key element of the valuation calculation used to work out the cost of extending a lease or purchasing the freehold, that of deferment rate.

Part of the valuation calculation to work out what the premium to extend your lease or ...

Monday, December 11, 2017 James Cooke Guest Contributors

James Cooke MA is Director of Your Home Property Management and in this article he explains how leaseholders living in flats and apartments can effectively change their managing agent. Many leaseholders don’t realise they are in charge and can bring in new management and too many assume the management comes with the block.

Getting rid of poor property management companies is not easy. If it were you wouldn’t be reading this. And I wouldn’t be writing it! Before we get to the action plan we n...

Monday, December 11, 2017 Katie Cohen Guest Contributors

Katie Cohen, a former Partner at JPC Law is now a Partner at Child & Child and is also a full member of the Association of Leasehold Enfranchisement Practitioners (ALEP).

Katie’s article focuses upon the terms of the new lease which has been modified during the course of the statutory lease extension and under  Section 57 of the Leasehold Reform, Housing and Urban Development Act 1993 (“the Act”) states that a statutory lease extension is to be granted on terms as follows:

  1. To be at a pepperc...
Monday, December 11, 2017 James Cooke Guest Contributors

James Cooke MA is Director of Your Home Property Management and for this article he examines the complexities within the UK leasehold sector as he believes the legislation surrounding the residents of private block of flats is needlessly complex.

To make the case he starts by examining the kernel of the leasehold nut: the lease (roman maxim “let he who will be deceived, be deceived”).

The lease is a challenging read. The legalese seems designed to be confusing. Leases are written in English b...

Thursday, January 11, 2018 Bob Smytherman Guest Contributors

Bob Smytherman is Chairman of the Federation of Private Residents Association and has been tirelessly campaigning for the rights of leaseholders for over 20 years. In this opinion piece he takes a look the Section 38 Highway Agreements (road adoption) and the very real possibility of leasehold (and possibly freehold) home owners being compelled to pay for road maintenance in addition to paying their Council Tax.

Section 38 of the Highways Act 1980 enables the Highway Authority to agree to ado...

Friday, December 15, 2017 Laura Severn Guest Contributors

Laura Severn is a Legal Executive and Operations Director and Head of Client Care at award-winning Brady Solicitors. In this article, Laura provides a succinct overview of the importance of Directors and Officers Liability insurance when leaseholders take on the role of RMC Directors.

Directorship of a company brings with it a number of demands and responsibilities and, as a director of a Residential Management Company, it’s essential to understand the scope of your role before agreeing to ta...

Saturday, January 20, 2018 Sharon Freeholders

Ground rent is a regular amount of money paid to the freeholder by leaseholders. On the surface it is exactly what it says on the tin but it is far more complex than that. It is a key component in freehold valuations in both collective enfranchisement and lease extensions and it’s value (freehold interest) is comprised of the following elements:

  1. A multiple of the current ground rent which in turn depends on how many years are left unexpired on the lease;
  2. Any future increases in the level of ...