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Wednesday, July 03, 2019 Sharon Crossland AIRPM My Leasehold Life

There is much in the press and from the campaign groups about how unfair leaseholders are being treated by developers and freeholders and it is correct that MP’s are being lobbied for change. There are however a number of small freeholders who may have purchased their freehold through collective enfranchisement, or obtained it via compulsory acquisition. They may even have acquired it by exercising their right of first refusal. The building may alternatively have a Right to Manage company whi...

Wednesday, July 03, 2019 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 la...

Wednesday, July 03, 2019 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...

Wednesday, July 03, 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, July 03, 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, July 03, 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...

Tuesday, July 23, 2019 Sharon Crossland AIRPM Conveyancing

Some lenders might not lend on a very short lease and the school of thought is that it is always preferable for sellers to have obtained a lease extension before they sell, thereby allowing them to ask a higher price for the property. On the other hand sellers might not want to do this because the time taken to secure the benefit of a lease extension may add several months to the conveyancing process. Not only that but the buyer will not know what he is going to pay until the price is agreed ...