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Windsorcastle
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If the questions are inappropriate you tell the buyer that you decline to answer them and don't pass them on to the MA.
Of course you can't do that with the reasonable ones such as "please confirm that Mr vendor has paid everything that he owes"
tim0 -
Windsorcastle wrote: »Thanks Tim. I did wonder about that, but the agent has just stated their 'professional fee' for answering the questions and providing paperwork is £300. Even if we exclude the ludicrous ones, I doubt that fee will come down. It just annoys me that agents have everyone over a barrel. And also that solicitors are so damn lazy they just send off their standard forms in every case, instead of asking appropriate questions that are relevant to that actual property.
As this is a leasehold "property" admin fees in this circumstance are required to be recharged at "cost" and you are entitled to challenge them if they are excessive.
If this really is a simple case then 300 pounds does seem excessive and I suspect that the MA's position of "we charge a fixed 300 pounds regardless of the complexity of the questions" wouldn't go down too well at a tribunal.
Though 300 pounds does seems perfectly reasonable for the work that is normally required.
tim0 -
OP, I'm selling my leasehold flat and my managing agents wanted to charge £500 to answer my buyer's solicitor's questions.
I spoke to the managing agent and he said that about two-thirds of the questions were irrelevant. I phoned my solicitor, who phoned my buyer's solicitor and they agreed to a shorter list of questions, for which I am being charged £231 by my managing agent to answer.
Chances are your buyer's solicitor has just sleepwalked into sending over a standard list of enquiries without really considering in any detail what he might actually need to know.
Give your solicitor a call and ask him to sort this out for you.0 -
tim123456789 wrote: »As this is a leasehold "property" admin fees in this circumstance are required to be recharged at "cost" and you are entitled to challenge them if they are excessive.
tim
Well no thats wrong Tim the legal obligation under Sch 11 CLRA 2002 is that they are reasonable.:)Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
I spoke to the managing agent and he said that about two-thirds of the questions were irrelevant. I phoned my solicitor, ........Chances are your buyer's solicitor has just sleepwalked into sending over a standard list of enquiries without really considering in any detail what he might actually need to know.
.
Absolutely right:rotfl:
I once had one where the pendantic Solicitor insisted in having every question answered the fee was over £1000
The standard pack with all the enclosures and information, which dealt with all the standard and important questions, many of which she DID'NT ask :eek: was £250.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
propertyman wrote: »Well no thats wrong Tim the legal obligation under Sch 11 CLRA 2002 is that they are reasonable.:)
OMG
you wasted everyones bandwidth for this tennie tiny correction
tim0 -
I'm current selling my leasehold property and the MA has only charged us £180 for the management pack. The sale includes an allocated parking space so I would say what you have been charged is excessive.
Mark0 -
tim123456789 wrote: »OMG
you wasted everyones bandwidth for this tennie tiny correction
tim
Whereas your reply added what....
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tim123456789 wrote: »OMG
you wasted everyones bandwidth for this tennie tiny correction
tim
No Tim theere is a massive difference between "at cost" and "reasonable" and its plainly wrong.
Any one asserting that to an agent " you can only charge at cost" would be laughed at.
Moreover it also explained where the rights extend from so that they can be quoted when arguing the toss over costs....
Worth posting.Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0 -
Mallotum_X wrote: »Whereas your reply added what....
that having corrected what he said he still didnt understand why he was wrong and why it needed correction :rotfl:Stop! Think. Read the small print. Trust nothing and assume that it is your responsibility. That way it rarely goes wrong.
Actively hunting down the person who invented the imaginary tenure, "share freehold"; if you can show me one I will produce my daughter's unicorn0
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