Lets not mince our words. Feudalism shouldn’t exist in the 21st century but it does. It’s called leasehold. The Government had the chance to end this practice in 2002 with the Commonhold and Leasehold reform Act 2002 but they failed to make commonhold compulsory so nothing changed. Why? Money as ever. Owning freeholds is a […]
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When the Government introduced the Commonhold and Leasehold Reform Act 2002 it provided leaseholders with a right to take control of the management of their building. This process is known as the Right to Manage and is open to all owners of private leasehold flats subject to a few perfectly reasonable criteria. No failure on […]
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The industry is unregulated although some moves have been made to try to make managing agents more accountable. From 1 October 2014 anyone who is engaged in property management work became legally required to belong to one of the following government approved redress schemes. This requirement means leaseholders and freeholders dealing with property managers will […]
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A tenants’ association is a group of tenants (normally leaseholders) who hold houses or flats on leases/tenancies from the same landlord on similar terms. A Recognised Tenants’ Association is one where the members have come together to represent their common interests so that the association can act on the tenants’ behalf, and which has been […]
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It is a right, subject to qualification, for the owners of flats in a building, and sometimes part of a building, to join together and buy the freehold of that building. The relevant Act is the Leasehold Reform Housing & Urban Development Act 1993 (as amended). Provided at least 50% of the flats in the […]
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