Long residential leaseholders now have the option to collectively buy the freehold or to exercise the right to extend their existing lease. We explain why, how and who can.
Confused by jargon? If so, here is SLC Solicitor’s A-Z (less a few letters) of legal terms.
Claims are subject to statutory limitation periods, we explain.
Remember that demands for service charge payments must be made within 18 months of those costs having been incurred.
Issuing demands for service charges and ground rents can be a tricky matter as recent legislation has imposed certain obligations on landlords and managing agents, we give some guidelines.
If you have a lettings business or are a private or social landlord and use Assured Shorthold Tenancies [AST’s] to govern your lettings then are you aware that in many cases it is mandatory for the Court to grant an order for possession of the property?
If this is the first time a particular site/block has been referred to solicitors you will need to send a copy of the Lease. If you do not have a copy of this, it can be obtained from the Land Registry for a small cost.
Why would any investor or developer want to own ground rents? We explain the background and rationale behind Ground Rents and their value.
Key steps to consider if you find that a company has been struck off
Please follow the steps below to ensure a smooth credit control process is in place
Exercising Right to Manage rights can seem a daunting prospect but the fundamental stages are set out in our easy to follow flowchart.
It can be confusing, once you have referred matters to solicitors, to understand what the necessary steps are in the court process. In order to assist we have prepared an easy to follow flow chart which sets on those steps in logical order.
Follow our step by step approach to ensure a smooth credit control process is in place.
As part and parcel of effective debt recovery, this guide covers the situation when leaseholders are not paying and the steps you need to address if you need to take the matter further. These pre-action protocols are intended as ‘good practice’ by the courts and the courts are keen that they are used and that they are shown to be used.
Often when long leases are transferred or sold there are unpaid service charge arrears relating to periods before the actual sale date. Who should the Managing Agents claim payment from? The Seller [outgoing leaseholder] or the Buyer [new leaseholder]?
We have put together a number of points to note when you are invoicing service charges. As you will be aware problems can arise due to issues on the invoice which, if avoided, can make the collection process smoother and quicker.
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