Residential Leasehold Property
We have extensive experience of residential leasehold property. We act both for freeholders and also for leasehold associations. We can help arrange maintenance work to such properties and can advise on defects and problems. We also have experience of preparing reports in respect of leasehold disputes.
If you are a freeholder or a group of leaseholders who own your own freehold, you need to be aware of the provisions of the Commonhold and Leasehold Reform Act 2002. This Act requires you to consult with leaseholders in the property over any proposed works which will cost any one leaseholder more than £250.
Where works to such buildings cost more than this, the leaseholders would be entitled to both a Notice of Intention detailing the proposed works, and a Statement of Estimates providing at least two competitive quotations for the woks to be carried out. Both Notices require a 30-day consultation period.
We can help you in undertaking work to this type of property, as we are able to serve the relevant Notices for the works. We regularly undertake this for a number of our clients.
We have experience of service charge disputes and attendance at Leasehold Valuation Tribunals where matters cannot be resolved between leaseholders or leaseholders and their freeholders.
A high standard of professionalism and integrity are important for work in this field and we seek to undertake our work in an open and transparent way.
Listed below are links to some advisory organisations and documents, which you may find helpful:
To view the full content of the Commonhold and Leasehold Reform Act 2002, visit:
www.opsi.gov.uk/acts/acts2002/20020015.htm
To view the explanatory notes to accompany the Act, visit:
www.opsi.gov.uk/acts/en2002/2002en15.htm
For more information regarding this matter, visit the following pages of The Leasehold Advisory Service:
www.lease-advice.org/reforminfo.html
If you would like further advice regarding this issue, or for more information on any of our services, please contact us by post, fax, email or phone or use the enquiry form on the Contact Us page.