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Tuesday, February 13, 2018 Mark Chick Guest Contributors

With the current press interest surrounding the issues of ground rent, Leasehold Life is very pleased to publish this timely article 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 explains what ground rent is for and why it is so popular with landlords.

Put very simply a ground rent is a sum of money payable under a lease to the landlo...

Tuesday, February 13, 2018 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 ...

Tuesday, February 13, 2018 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 a follow-on article to some background content that he provided to the Guardian on the 8th May 2014, explaining what happens next where a flat originally held on a long lease (99 or 125 years) is running down to the point where it will ‘expire’ – i.e. simply run out.

If both the...

Tuesday, February 13, 2018 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 explains how serious the potential consequences can be for leaseholders when they breach any of their lease covenants, even if the breach may seem insignificant.

If a leaseholder breaches any of the terms of their lease their landlord may have a right to forfeit the lease and recover possession of the property. Breach of alteration covenants or repairing ...

Tuesday, February 13, 2018 ALEP Guest Contributors

Leasehold Life is pleased to publish the following article, reproduced with kind permission of the Association of Leasehold Enfranchisement Practitioners (ALEP).

The article explains what happens when the freehold is sold but you were not told and you now want to know whether the sale went through fairly.

If you did not receive a Section 5 Notice from your freeholder then they should have followed a very strict process. If it was sold on the open market then you and your neighbours in the b...

Tuesday, February 13, 2018 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 section 10 of the Leasehold Reform Housing and Urban De...

Tuesday, February 13, 2018 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...

Friday, February 23, 2018 Sharon Crossland AIRPM Freeholders

The closest anyone can get to owning property outright is that of being a freeholder as they own the bricks and mortar as well as the ground on which a building stands. In blocks of flats they own what are termed the ‘common areas’. They come in a number of guises, from individuals and  finance companies, to ground rent investment companies, mixed use companies (owning both commercial and residential properties in the same development), leasehold resident management companies (companies compr...