Leasehold 1930s semi - 985yrs remaining

eddddy

NQManchester said:

...but there seem to be companies who buy up full streets worth of freeholds to then presumably make profit from these fees. 

Just to clarify - the law doesn't generally allow freeholders to make a profit on Administration Fees. They should only be charging their 'reasonable' costs.

But there might still be Freeholders who 'try it on', and ask for unreasonable fees - and I suspect some leaseholders just pay them, rather than challenging them.

user1977

Jenni_D said:

user1977 said:

Jenni_D said:

eddddy said:

(But the bigger risk would be if the freeholder doesn't have your up-to-date contact details, and is sending bills to an empty property, or an old address, or tenants aren't forwarding mail. And perhaps the bills have a new address for the freeholder, and/or new bank details.)

Can you elaborate on that please? Surely (in the context of this thread) the freeholder would be writing to the address of the leasehold property?

Yes, which is fine if that's where you live.

Sorry but I don't understand ... why wouldn't you be living there if you're the leaseholder? (Remember, we're talking in the context of this thread, not generally about BTL or anything).

You might move out of a property which you initially bought as an owner-occupier. I think edddy was just talking generally, not about this being a specific risk for the OP assuming they remain in occupation.

eddddy

Jenni_D said:

eddddy said:

(But the bigger risk would be if the freeholder doesn't have your up-to-date contact details, and is sending bills to an empty property, or an old address, or tenants aren't forwarding mail. And perhaps the bills have a new address for the freeholder, and/or new bank details.)

Can you elaborate on that please? Surely (in the context of this thread) the freeholder would be writing to the address of the leasehold property?

I was replying to TripleH's post about his neighbour. I quoted it at the top of my post.

I've re-read the sentence you quote a few times, and I can't see anything that is unclear or incorrect.


I guess I could have turned my post into an all encompassing essay, by saying things like "if you go on an extended holiday, spend an extended period in hospital", "if you ask your freeholder to send ground rent demands to a different address", "if you decide to rent out your property" - and discussed the potential insurance, mortgage, council tax, lease forfeiture implications etc as well. But I decided not to.

I hope that's ok.

Jenni_D

eddddy said:

I hope that's ok.

Yes it is thanks ... it would have been even better without the sarcasm. 🙄