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Wednesday, September 04, 2019 James Cooke Guest Contributors

James Cooke MA, is Director of Your Home Property Management and for this article he looks at the inherent conflict that arises over the need for health and safety versus the desire for aesthetics like landscaped gardens.

The art of Property Management is all about balance and the best property managers are skilled in negotiating resolutions between these competing needs, often against limited resources.

Leaseholders

Leaseholders want to see funds spent on those initiatives that look great, a...

Wednesday, September 04, 2019 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 ...

Wednesday, September 04, 2019 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...

Wednesday, September 04, 2019 James Cooke Guest Contributors

James Cooke MA set up Your Home Property Management offering top quality, customer focused, residential property management services to leaseholders living in east London and Essex.

In this article James offers five different investment strategies for leaseholders looking to add value to their flat – without selling.

Over the last year or so we’ve seen more and more of our leaseholder clients choosing to sit tight, not sell, and instead sweat their existing property asset. Before we move on t...

Wednesday, September 04, 2019 Shamin Kashem Guest Contributors

The following article from guest contributor Shamin Kashem, Solicitor at award winning HPLP, highlights the situation that some leaseholders find themselves in when they want to buy the freehold but the freeholder owns and lives in one of the other flats in the block. 

Different scenarios will be illustrated by starting off on the basis that the flat owner would not qualify because of the “resident landlord exemption” which is set out in s10 of the Leasehold Reform Housing and Urban Developme...

Wednesday, September 04, 2019 Shamin Kashem Guest Contributors

Shamin Kashem is a Solicitor at the award winning Housing and Property Law Partnership. For this article he is looking at why flat owners who jointly own their property and who are about to sign a Transfer of Equity (e.g. as a deed of gift, or on separating/divorce, or perhaps due to a remortgage) should seriously consider a lease extension under section 42 of the Leasehold Reform, Housing and Urban Development Act 1993 (the 1993 Act). It could save or could lose thousands of pounds!

Anyone w...

Wednesday, September 04, 2019 Chris Alexander Guest Contributors

Chris Alexander is a property litigation solicitor at SA Law LLP and for this article he is taking a look at the subtle differences between “old” and “new” leases due to the working of the Landlord and Tenant (Covenants) Act 1995 (“the Act”). It is a more academic approach than practical analysis because whilst for the most part tenants with long residential leases will not notice the difference, there will be occasions where such differences have a bearing.

In 1988 the Law Commission recomme...

Wednesday, September 04, 2019 Chris Alexander Guest Contributors

Chris Alexander is a property litigation solicitor at SA Law LLP who also writes the Leasehold Lawyer Blog giving commentary on issues in the world of residential landlord and tenant law.

‘Are these service charges mine?’ is an age-old question that comes up regularly in the months after leasehold purchase, and when managing agents/landlord’s chase arrears, complete the annual service charge accounts and issue deficit invoices.

The answer to this depends on whether the lease is an ‘old’ leas...

Monday, September 16, 2019 Sharon Crossland AIRPM Leasehold Service Charges

An accounting year, (also called an accounting period), is a company’s annual financial reporting period and there are two types:

  1. Calendar Year – the accounting period begins on January 1 and ends on December 31 of the same year;
  2. Fiscal Year – the accounting period begins on the first day of any month other than January.

In order that the public record of a company’s accounts is regularly updated, an accounting period cannot be extended to longer than 18 months, and in most cases, the accou...