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QUESTION In June 2015 and as freeholder of the property in question, I received a letter from a mortgage lendor asking for confirmation that any notice of transfer should come to me and also asking what my fee would be. When I explored further it transpired that a flat which was jointly owned by two individuals was to be remortgaged and placed in the name of just one of the individuals. There were already several breaches of covenant in existence – such as arrears of ground rent, denial of access for insp

The hugely successful Property Management Summit hosted by Brethertons solicitors is getting a revamp. Following consultation with you, the industry stakeholders, this crucial event gets a new name, a new venue and moves to a new date in the calendar. And that’s not all. Property Management Unwrapped will this year be held on Friday 24 and Saturday 25 June and where better to host a conference dedicated to property than at the iconic, Grade 1 listed, Royal Holloway in Egham? After a day attending talks an

Barrister Nick Davies, a dynamic global speaker whose clients have included members of the royal household, will be the keynote speaker at the ALEP spring conference. Nick’s presentation, entitled ‘Negotiation: the art of letting them have your way’, will explain the difference between ‘positional bargaining’ and negotiation. Ellodie Gibbons, a barrister at Tanfield Chambers, will present an update on the most recent cases, while Knight Frank’s Vanda Kelsey will talk on ‘Back to Basis’ and the ‘Value of C

Over 80 per cent of londoners living in apartments do so because it suits their current lifestyle, according to new research on apartment living. Research commissioned by FirstPort shows the decision to live in apartments reflects benefits such as proximity to work and social amenities. Other notable advantages were fewer worries about maintenance and looking after the property allowing residents more flexibility in their lifestyles. The research covered apartment residents who both own and rent their acc

QUESTION Who actually owns the sinking fund, and is it a taxable income? I thought landlords were trustees of the fund NOT owners? Our landlord insist he owns it and pays tax on it? ANSWER The area surrounding the ownership and control of a service charge fund is quite a detailed one, I have provided a response that should give you the answers generally to the questions, but further clarification should be sought as outlined. The sinking fund is a service charge and although it is normally administrated

Every stop and turn there is an announcement or commentary about the market. All the while there is the serious business of the leaseholder and their homes. LEASE holds stakeholder meetings every 6 months and at the last one in December there was discussion after a comment that a leasehold property is not ownership. Of course this is nonsense. Even rental is ownership, it gives you a right to your home. There is a debate about leasehold being good or bad and I genuinely believe that misses the point. Leas

Winter. And no time for surveyors to plant roses. We have been planning the year ahead whilst making a little time to reflect on last year’s experiences. Surveying is fundamentally about people. And human behaviour is one factor it’s often hardest to predict. For example, any surveyor in the residential sector can tell you scaffolding is unpopular with residents: it’s unsightly, often involves noise, and of course it doesn’t come cheap, so it can be a hard sell even when it’s absolutely essential to a pro

Post Boxes UK Limited, the leading independent supplier of banked mailbox solutions for apartments, is pleased to announce the addition of Alubox spares and accessories to its existing range of products and services. With a reputation for offering a quality finished product, the availability of Alubox mailboxes and spares has been somewhat lacking in recent past, in part due to the letterbox manufacturers export policy. However, Post Boxes UK has reached an agreement where it can offer Alubox doors, lette

There were two interesting points that emerged from Fairbairn v Etal: 1) The ability to recover legal costs through the service charge 2) Whether or not a leaseholder-owned company should be treated differently The case concerned a block each with 999 year leases. The landlord was the residents management company (RMC). In 2010 the leaseholder to flat 29 had brought a claim against the RMC after it had failed to take action to repair her damaged floor. The end result was that the RMC admitted it had breac

Specialist property litigation firm Brady Solicitors is continuing its strong growth, with the recruitment of six people to its Nottingham team. Established in March 2008 by property litigation lawyer Clare Brady, the firm has established itself as one of the UK’s leading law firms in the property management sector, with its recognised specialism in service charge recovery and related property management disputes. The new appointments take the total headcount to 36. Commenting on the new appointments Clar

HML Holdings has appointed Clive Greenwood to their team as Business Development Manager. Clive will be working throughout the HML brands in London and comments that he is excited to be working for the Group that provides the tailored local and personal service that resident management companies require. He joins the company after 12 years with property management company FirstPort.

Residents Insurance Services Limited, the specialist residential property insurance broker and part of the Gray’s Inn property group, has appointed Neil Bowman as an Account Handler. Neil has seven years’ experience in the insurance industry as a schemes underwriter with Allianz Insurance plc. More recently Neil worked as a customer service advisor for Towergate Insurance. Neil’s background and underwriting experience enhances the brokers’ already highly focused blocks of flats specialisation and supports