Right To Manage a Building
What is Right to Manage? - the majority of UK leaseholders don’t own their own freehold. This means they have very little control over the day to day management of their building. One of the biggest problems leaseholders find is unexplained service charges and formally challenging the charges through legal means.
The Explosion of Converted Flats - we can trace the need to convert houses (including other buildings, not originally designed to be used as domestic dwelling homes) in to flats, back at least 150 years and possibly even further back to the time of the industrial revolution, which occurred in Great Britain during the late eighteenth and early nineteenth century.
Becoming Your Own Landlord - the desire, to own a partial share of your freeholder is strong in almost all owners of leasehold flats. It's all about control and knowing that your home or investment property is not just yours for a determinable period of time, it's yours in perpetuity, you want to own not only the right to occupy your portion of the building for this period of time but also have a share in the fabric of the building and the actual land on it which it stands.
Guide to Common Hold - Common hold, is a new form of property ownership that allows a broader spectrum of leaseholders, who fall outside of the qualifying rules for enfranchisement, to own, their own flat within a block or conversion...
Valuing Your Freehold - If you are interested in buying the freehold of your block of flats, you will need to know, how much it is likely to cost you. Having this information to hand for all interested flat owners, before you proceed too deeply in to negotiations is a must..
The Physical Process of Buying Your Property? - this article looks at the issues involved about the actions blocks of flat owners and homeowners can take. Once the initial decision has been made on enfranchisement, then the actual process of achieving the ownership of the freehold of the property begins...
Resident Management Company - The owners of individual flats in a block, typically come from all walks of life, they may have nothing in common apart from the fact they live in the same building, which either purpose built or converted contains a number of self contained dwelling units..
Property Management Companies - property management companies, usually act on behalf of a landlord in respect of the management of a block of flats. Usually, they are appointed to handle sizable blocks where the arrangements are quite complex and the day-to-day dealings are beyond the time of the landlord who may hold a portfolio of properties, portfolios of property, take considerable management...
How to Extend a Lease - unless you have purchased the freehold of your building, your flat will be subject to a lease granted by the freeholder. A lease basically means the right to occupy a certain property (usually a flat) for a period of time...
How to Buy a Freehold - most leaseholders in blocks of flats, choose to buy the freehold of their building as it gives them more control over the running costs of the property. As well as this, knowing you own the property' freehold" rather than for a specific period of time, psychologically, provides a good deal of peace of mind...
Key Legislation & Regulatory Reform - in recent years, there have been a number of important pieces of legislation, affecting the rights off leasehold tenants of blocks of flats. The landlord & Tenant Act ( 1985, revised 1987) contain a number of important sections, which leaseholders of blocks of flats may find interesting and useful. Under Section 30A, the leaseholder is entitled to request details relating to the insurance of the building and the landlord is required to furnish this information within 21 days...
How to Request an Insurance Quote - requesting an insurance quotation for a block of flats is a fairly straight forward process, once you are in full possession of all the required information. It's probably a good idea if only one person does the calling around for the premiums, as if more than one attempts the process, you can end up with insurance brokers and companies being contacted on numerous occasions and confusion as to the actual information disclosed...
Centralising Administration & Claims - running a block of flats needn't be problematic, but it can be unless a good system of administration is put in to place. Unlike owners of freehold property, such as houses, where the owner can make his own decisions without referring to others, leasehold owners of flats have a collective responsibility and decisions need to be taken sympathetic to all other flat owners in the block...
Impact of Rentals on Whole Block of Flats - in any building, divided in to flats, it is highly unusual if all the flats are owner occupied. In blocks that have been established for a while, some of the flats may have been acquired for investment purposes, but in the main, some of the flats become tenanted because of a change in circumstance...