Friday, October 5th, 2012 in Commercial, Landlord, Managing Agent, News, Residential, Service Charge
In Ragge & Co’s Property Update, it is pointed out that, if the parties to a protected lease cannot agree the terms of the renewal, they will be decided by the court and the burden of persuading the court to change the terms of the existing tenancy rests on the party proposing the change. In addition, the High Court has held that a lease with an all-inclusive rent should be renewed on terms which provide for a separate variable service charge.
Read the full article here
Friday, October 5th, 2012 in Landlord, Managing Agent, News, Residential
In an article by Hip-Consultants one particular problem that can occur when the freehold of the block is owned by a management company (particularly one which is not owned by the tenants) is reviewed. If a significant number of tenants default on their service charge payments this can leave the management company unable to settle its debt and force it into administration or liquidation. This can be a major issue for other tenants in the block as it means that the building and grounds are unmanaged and worse, potentially uninsured. This can render all of the flats in the block unsaleable or at best less valuable.
Read the full article here
Tuesday, October 2nd, 2012 in Commercial, Landlord, Managing Agent, News, Service Charge
The City of London is entitled to force changes on its tenants at the historic Smithfield Market that will see them pay “exclusive” rent and a separate service charge rather than make one “all-inclusive” payment as they had done previously, the High Court has said.
Read the full article by Out-Law.com here
