The property consists of a two bedroom, fourth floor, flat situated in a five storey block of 46 units. The flat is presented in good condition with gas central heating and uPVC double glazed windows throughout. The flat has the benefit of a car port, lift, storage area, balcony and...
It is common for development leases to be granted in respect of elements of a block of flats such as the roof with its airspace. There are a number of issues that arise around this. Developers acquiring such interests will want to know they can undertake the development. Flat owners...
The Government announced way back in 2016, that it intended to legislate to ban the practice of charging fees to tenants when they apply to rent a property. Whatever you think of the proposed ban (and actually we believe tenants should be asked to pay their fair share of tenancy costs...
Leasehold enfranchisement — Leasehold Reform, Housing and Urban Development Act 1993 - Collective enfranchisement — Common parts — Whether initial notice ceasing to have effect on nominee purchaser exchanging contracts to acquire some but not all interests — Whether nominee purchaser entitled to acquire leases of air space, boiler room...
We have been instructed on a 20 flat block in Brighton. We are carrying out the valuation work only and are liaising with the Solicitors on valuation and prior to notice being served....
Freehold Blocks of Flats We have a number of clients looking to purchase freehold blocks of flats Nationwide but particularly in the South East. Please contact us if you have a freehold block you are looking to sell....
A great ALEP conference yesterday as always. Very interesting talks on the tax implications of lease extensions and collective enfranchisement, the law commissions report and capitalisation rates especially relating to the All Saints case. The case round up was also excellent. Thank you to all involved and to the speakers....
I have been reading through the recent Law Commission’s Report on Leasehold and I wanted to give a brief summary of how the proposals affect valuation and premiums etc. As you are aware this review has come about mainly because of the 10 year doubling ground rent scandal in the North...
One of our larger freeholder clients is baffled by the law commissions report and the proposed leasehold reform legislation. Granted the 1967 Act needs work and could be simplified to mirror the 1993 legislation for flats. This landlord started buying ground rents long before anyone was thinking about them and has...
Simon had dealt with numerous cases on mixed use properties both as relates to valuation and the legal definition. He has also given evidence at the County Court on the “house point”. Valuing a mixed use property is more complex than a traditional freehold purchase and requires both commercial and residential...
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