Section 146

BarelySentientAI

hirta said:

Nooo am all payed up there is only 11 of us just got fedd up off the company runing it was ripping us off but cheers for all your advice 

Be very careful - "we're going to be nice and friendly and write off arrears" might sound good when you're all fed up, but it isn't a good way to run long term.

Setting a precedent of not collecting debts because some people think it's a bit expensive is dangerous.  What happens when something needs doing if some of the 11 get behind again - are you going to be willing to chase them for that?  After all, you're telling them they don't need to pay this time, so why should they pay next time?

hirta

The company that was running it for us was charging 388 per anum which was mostley admin charges acount fees and libility insurance we can do it for 30 pounds each per anum don't think many will default on this but thanks

BarelySentientAI

hirta said:

The company that was running it for us was charging 388 per anum which was mostley admin charges acount fees and libility insurance we can do it for 30 pounds each per anum don't think many will default on this but thanks

Sinking fund or splitting the cost of big repairs in future (roof perhaps)?

Sounds like you've looked at the numbers though, so I'm sure you've thought of those things.

BonaDea

I'd be astonished if your buildings insurance was as little as 11 x £30 a year.

hirta

Yea there is only one flat the rest are houses they get there own insurance I get it for the flat and billed beween us

hirta

Thanks for all the advice people but no one has answers for the cost off a section 146 a solicitor will charges 

BarelySentientAI

hirta said:

Thanks for all the advice people but no one has answers for the cost off a section 146 a solicitor will charges 

It could be anything, you'll need to ask the solicitor.