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Wednesday, May 08, 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, May 08, 2019 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, someone starts mentio...

Wednesday, May 08, 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 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...

Wednesday, May 08, 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, May 08, 2019 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  s57 of the Leasehold Reform, Housing and Urban Development Act 1993 (“the Act”) is to be granted on the following terms:

  1. To be at a peppercorn ground rent (i.e. nil) for the entirety ...
Wednesday, May 08, 2019 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...

Wednesday, May 08, 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...

Saturday, May 18, 2019 Sharon Crossland AIRPM Leasehold Resident Management Companies

The RMC statutory accounts must be approved by the Board of Directors before being sent to company members and will generally contain the following:

  1. Company Information: This contains the names of the Directors, company number, registered office and the name and address of the accountants.
  2. Directors Report: This contains the names of the Directors who held office during the year end and up to the date of the financial statement.
  3. Accountants Report: This is a statement that in order to assis...