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Monday, February 03, 2020 John Graham Guest Contributors

Leasehold life is very pleased to welcome new guest contributor Jon Graham, founder of Dwell, an estate agent in Leeds. Here, Jon focuses on the rights of HMO tenants and where to go when those rights are being violated.

Houses in Multiple Occupation (HMOs) are becoming a very popular property investment model for landlords. Rather than renting out an entire home to one household, usually a family, HMO landlords rent out individual rooms to individual parties.

The HMO model is generally more ...

Monday, February 03, 2020 Laura Severn Guest Contributors

This article was contributed by Laura Severn, a former Legal Executive and Operations Director and Head of Client Care at award-winning Brady Solicitors. Laura is now Director at LMP Law.

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, i...

Monday, February 03, 2020 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, February 03, 2020 Peter Rudd Guest Contributors

Leasehold Life is very proud to introduce new  company, under80. who specialise in providing a tailored and bespoke service to leaseholders who have 80 years or less on their leases. Founded by Managing Director Colin Horton BSc (Hons), Head of Operations and co-founder Peter Rudd AIRPM, this article breaks down what happens when this crucial point is reached.

This a very significant point in a number of ways not least because the majority of leaseholders’ anticipate the value of their asset ...

Monday, February 03, 2020 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...

Saturday, January 11, 2020 James Cooke Guest Contributors

James Cooke MA is Director of Your Home Property Management and in this article he 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 to adding value to your flat, let’s just spend a moment understanding the housing market. I do this not because I want to ...

Saturday, January 11, 2020 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...

Sunday, February 23, 2020 Sharon Crossland AIRPM Wellington Mansions RMC

A leasehold resident management company (RMC) is a company comprised of leaseholders and it’s objective is to manage and maintain the common areas .

It can be formed through the following:

  1. A tri-party lease, where the leaseholders don’t own the freehold;
  2. Collective enfranchisement which is a group right for leaseholders to purchase the freehold;
  3. A Right to manage company where leaseholders can replace their managing agent and choose a new one;
  4. Compulsory acquisition where the freeholder has...