Websters Accountants - Property Accounting & Property Auditors

Websters News

Thursday, December 15th, 2011

Should facilities managers be involved in negotiating service charges?

In FM World it was reported that 80 per cent of respondents to the latest FM 100 Poll believe facilities managers should be involved in negotiating service charges paid by their organisation  to the landlord.  Many FMs have said they are not involved, but would like to be.

 Read the full article here

Monday, December 12th, 2011

Managing agent settles out of court

An article on the Rentman website notes that the largest ever leaseholder tribunal case between managing agent Peverel – owned by the family trust of property tycoon Vincent Tchenguiz – and London’s St George Wharf Residents’ Association has been settled out of court for an undisclosed seven-figure sum.

Read full article here

Sunday, November 20th, 2011

Court rejects legal fees in service charge

Andy Stern in the Property Owners Directory points out that the Lands Chamber of the Upper Tribunal has ruled against a freehold owner that claimed legal fees in its bid to recover unpaid service charges.  The London Rent Assessment Committee had initially determined that a lessee of Castelnau Mansions in southwest London should pay £11,258.02 in unpaid service charges for his flat. An amount of £4,663 for legal fees was included as an item in the service charge accounts.

Read the full article here

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