So what is the difference between a letting agent and a block managing agent? In short, a lettings agent deals with everything INSIDE a flat and a block managing agent everything OUTSIDE the flat. Whilst this simplistic separation suggests the roles are independent, letting agents and block managing agents that are pro-active in terms of […]
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Who is responsible for replacing windows in a leasehold flat? As ever, the lease is the bible in terms of what can and cannot be done on a leasehold property and the lease will usually define which party is responsible for replacing windows Generally speaking, the responsibility for maintaining the structure of the building and […]
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The usual procedure is for the buyer’s solicitor to make a series of enquiries to the managing agent before a sale is agreed. This is so the prospective buyer can understand the “risk” of purchasing the property. There are many factors that can influence the risk and cost of ownership associated with leasehold property ownership […]
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Understand the role of your solicitor – You get what you pay for The conveyancing process has become somewhat commoditised with many law firms operating a “bucket shop” model. This entails one solicitor overseeing a large number of “conveyancing assistants” who will generally not have had anything like the level of training of that of […]
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Check the lease You should ensure that the Lease lows you to sublet the property. There may be a pre-condition that you must obtain consent from your landlord or some other party before subletting. This means that you cannot sublet without first obtaining consent. Such consent should not be unreasonably withheld. If your lease does […]
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