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A lesson in being a sole freeholder and living on site.
Comments
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I dont think we are ruthless enough. Its tricky when you live on site though to be that ruthless when we are both generally nice people! We have turned a lot more ruthless. And think that's also backfiring on us. We now charge to give consent to any alterations etc.... we never did before. We have started as it was taking up so a bit of our quality family time dealing with it all.
One of the leaseholders has mentioned to our managing agents about a lease extension (she will of been here 2 years in September) it will be an interesting conversation when she applies for a statutory lease extension. I dont think she has any idea the money she will be paying with a 64 year lease!0 -
I dont think we are ruthless enough. Its tricky when you live on site though to be that ruthless when we are both generally nice people! We have turned a lot more ruthless. And think that's also backfiring on us. We now charge to give consent to any alterations etc.... we never did before. We have started as it was taking up so a bit of our quality family time dealing with it all.
One of the leaseholders has mentioned to our managing agents about a lease extension (she will of been here 2 years in September) it will be an interesting conversation when she applies for a statutory lease extension. I dont think she has any idea the money she will be paying with a 64 year lease!
You have to bare in mind that your time is valuable and so you are entitled to charge for it when sorting these issues out0 -
Wanderingpomm wrote: »You have to bare in mind that your time is valuable and so you are entitled to charge for it when sorting these issues out
Oh, it is so tempting to suggest that OP sends a circular letter telling them that (s)he will be billing the management company for time spent on management issues at £x for every hour/half hour/whatever, and that these charges will be added to the service charge in future0 -
I dont think we are ruthless enough. Its tricky when you live on site though to be that ruthless when we are both generally nice people! We have turned a lot more ruthless. And think that's also backfiring on us. We now charge to give consent to any alterations etc.... we never did before. We have started as it was taking up so a bit of our quality family time dealing with it all.
One of the leaseholders has mentioned to our managing agents about a lease extension (she will of been here 2 years in September) it will be an interesting conversation when she applies for a statutory lease extension. I dont think she has any idea the money she will be paying with a 64 year lease!
If you sell and move keep the freehold, only sell your lease.When using the housing forum please use the sticky threads for valuable information.0 -
If there are likely to be a few lease extensions coming up in the next few years, I would definitely be looking to move out of the property. As these can be large sums of money and there is already some antagonism about relatively small sums of money, I'd take the hint lol. Keep the freehold, sell the property. It might reduce the amount of work you are asked to do as well as you won't be down the corridor anymore.0
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If you sell and move keep the freehold, only sell your lease.
Either that or sell the flat along with the freehold to an investor with a suitable price hike to reflect the additional income that will be coming from 3 lease extensions!:beer::beer:Those who risk nothing, Do nothing, achieve nothing, become nothingMFW #63 £0/£5000 -
deannatrois wrote: »If there are likely to be a few lease extensions coming up in the next few years, I would definitely be looking to move out of the property. As these can be large sums of money and there is already some antagonism about relatively small sums of money, I'd take the hint lol. Keep the freehold, sell the property. It might reduce the amount of work you are asked to do as well as you won't be down the corridor anymore.
Deanna's got a point. Sell before you have to declare to your buyers that you have a problem with the neighbours. :beer:There is no honour to be had in not knowing a thing that can be known - Danny Baker0
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