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Finally, resident controlled blocks of flats and Freeholders can relax

We’re talking about the landmark decision in the Daejan case announced (March 6th) this week. Previously the Daejan decisions all the way to the Court of Appeal was that Section 20 was black or white – either you consulted or you paid the cost. Effectively meant that if a
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Joint Tenancy vs.Tenancy in Common

It is important when considering the purchase of property as a group of two or more rather than as an individual to take time to review how you want to register your ownership. The choices are to be joint tenants or tenants in common, and the difference between the two is considerable
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So you have bought the freehold, what happens next?

Once the process is completed and you are officially the freeholder, it’s time to take stock of what a collective enfranchisement (freehold purchase) has gained you in terms of responsibility for the running and upkeep of your building. One of the most important points is the building
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Right to Manage – Don’t know your neighbours?

Hello everyone, just writing to let you know about a right to manage (“RTM”) success story at a Central London block, with over 30 flats. When we were engaged by the leaseholders to help them with their right to manage (“RTM”) bid, we found that many flats were being sublet and that w
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Missing freeholder or silent freeholder?

What happens if you cannot trace your freeholder and you want to extend your lease or buy your freehold? You can still do so by the vesting order process. This involves an application to the County Court detailing the steps taken to locate the freeholder. The County Court will then tr
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Step by step guide to lease extensions

The concept Whilst your lease is probably the most valuable asset you own, worth whatever you could sell it for in the market place, the freeholder holds a stake in its value too. Why, because a) he receives investment income from it (the ground rent), b) has the hope value of a premi
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How long is your lease?

With leases continuing to get shorter, for example some areas of London leases of 40-60 years are common, leaseholders should also be aware of their legal right to extend their lease. Since 1993 when the right to extend your lease was passed, legislation has been changing to benefit t
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Leaseholders have rights!

Whether you are a first time buyer, downsizing or wanting a city pad, understanding the leasehold system can be confusing. Mary Anne Bowring, creator of www.leaseholdersupport.co.uk unravels the jargon and explains your rights. With leases getting shorter, leaseholders should be aware
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Legal right to extend lease

Since 1993 Leaseholders have been able to claim a 90-year lease extension at a reduced ground rent of £1.00/peppercorn if demanded.  Lessee’s rights have become more accessible.  For example, you now only need to own the lease for 2 years, do not need to live in the property and can o
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Ringley gets ‘Highly Commended’ Award

Ringley picked up the ‘Highly Commended’ award to reflect the work their valuation team do in the specialist field of Leasehold Enfranchisement. “We work mostly for In fact Ringley were finalists in two categories – the other being Individual Valuer Of The Year. Mary-Anne Bowring, Rin
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