Leasehold flat: Management company issues

pm_1987

Hi,

I am looking for advice on how to get the money back i'm owed.

We sold our leasehold flat in Nov 2012.
At the time of sale, our solicitors informed us that after the sale completed that they would be keeping £300 of our money until the management company confirmed our account was up to date at the end of the financial year.

Once April came around I contacted our Management Company who confirmed verbally that our account was fully up to date and had no outstanding arrears.

Of course,understandably, our solicitors needed confirmation of this in writing and said that the management company had a further 9 MONTHS to finalize their accounts and get this information over to them. I made a complaint as this information was never conveyed to us before the sale and it was agreed that the matter would be resolved by July 2013 (now).

In keeping with this our solicitors contacted the management company requesting written confirmation of no outstanding monies owed. A fax shortly followed stating that the management company went into liquidation in May 2013.

Where do we stand getting our £300 owed back to us? We know we are not in arrears but the solicitors have said they cannot release our money until our buyers solicitors say so (upon written confirmation that we do not owe any money- but there is no-one who can now provide this!)

I'm not willing to let our £300 just be swallowed up by the solicitors - it is our money and we do not owe it to anybody!

Any advice would be hugely appreciated

richardw

The purchaser will have a statement of the state of the account at 5th April 2013, you'll have statements prior to purchase.
All it needs is someone to look at the statements to clarify what state the account is in and recommend release of the money.

xylophone

A fax shortly followed stating that the management company went into liquidation in May 2013.

From the liquidator/receiver/administrator? Presumably this person has full details of the company's financial affairs? Your solicitor should be contacting this person and/or the solicitor who acted for your buyer?

pm_1987

richardw wrote: »

The purchaser will have a statement of the state of the account at 5th April 2013, you'll have statements prior to purchase.
All it needs is someone to look at the statements to clarify what state the account is in and recommend release of the money.

Thank you richardw,

I had made the same presumption that after April 2013 it would be all too clear of the state of the account (no monies owed) and that would be it, however its like trying to get blood from a stone.

I have just been advised that my solicitors are now dealing with the liquidation company - I presume they will be going through a lot of accounts at the moment so may be a long wait.

I just wanted to see if there was anything we could do to make things more straight forward!

pm_1987

xylophone wrote: »

From the liquidator/receiver/administrator? Presumably this person has full details of the company's financial affairs? Your solicitor should be contacting this person and/or the solicitor who acted for your buyer?

Thank you for your reply. I have been informed that my solicitors are now in contact with the liquidators and hopefully they will be able to look into the accounts without much further delay (big hope!)

My only other concern is with what state the management company would have left the accounts- they were never the best nor easiest company to deal with - they forgot to charge us for a whole year once!

Fingers crossed

xylophone

My only other concern is with what state the management company would have left the accounts- they were never the best nor easiest company to deal with - they forgot to charge us for a whole year once!

Did they eventually remember and did you pay up? Otherwise the liquidator might be coming after you........:eek:

pm_1987

xylophone wrote: »

Did they eventually remember and did you pay up? Otherwise the liquidator might be coming after you........:eek:

haha yes we did - we called them up and told them we haven't been charged for a year and set up a payment plan on top of the normal amount due to repay! but like i said, i'm still a little nervous as to how well documented and maintained the accounts are- at least we have all our bank statements that show all our payment I guess