Who can apply to the FTT?
You can apply to the First-Tier Tribunal (Property Chamber – Residential Property) if you’re a landlord, tenant, freeholder, leaseholder, park home occupier or site owner.
What does a property management person do?
The property manager’s responsibilities might include supervising and coordinating building maintenance and work orders, doing light handyman and cleaning work, resolving tenant concerns and complaints, advertising, showing and leasing vacant units, collecting and depositing rent and communicating regularly with the …
Do estate agents have managers?
The majority of property letting agents will offer both letting and full management services, but talk to several and negotiate and understand their terms before deciding which to agent to instruct. Make sure you know which services you are getting and what you’re paying for, either as part of a package or as extras.
Can you take your freeholder to court?
You may be able to take the freeholder to court to force them to do the work. The court may also order them to pay you compensation. If your freeholder still doesn’t do the repairs, you can sometimes do the work yourself and claim the money back from the freeholder.
Can you challenge a lease?
It is a right that you (and the other leaseholders) can exercise simply by serving a claim notice on your landlord (and any management company that is also named on the lease). Your landlord can apply to the tribunal to challenge your notice to set up an RTM company for the following reasons.
What is the freeholder responsible for?
The freeholder is usually responsible for: repairs to the building’s structure, including the roof and guttering, repairs to shared parts of the building, such as lifts and communal stairways, buildings insurance (to protect the entire building from accidents and disasters such as fire or flood).
Can you go to the FTT over lease terms?
Instruct your solicitor that you will not accept onerous terms included in your lease. If you go to the FtT to fight these inclusions you will win outright, as your freeholder is breaking the law by including them in the first place. They will never want to attend the FtT to argue their right to include new terms. They are just trying it on.
Is the share of freehold lease extension 100% free?
Clear provisions and processes in the freehold company articles of association or shareholders agreement ought to cover and resolve this situation, but if this is not the case, ultimately, a court application and threat of costs order would be the way to proceed. Extending the lease where there is a shared freehold will still not be 100% free.
What do you need to know about a leasehold extension?
If this is the case, you need to identify the landlord who has enough interest to grant you the new lease. To identify the competent landlord you will need to know the details (especially the length of their leases) of any intermediate landlords who may be between you and the freeholder.
Do you have to pay peppercorn rent for leasehold extension?
A peppercorn rent (that is, no ground rent) will be charged for the whole of the term (the 90-year extension plus how long is left on the current lease ). The new lease must be on the same terms as the existing lease, apart from minor modifications and certain exclusions and additions that are allowed by law.
When to apply to the FTT as a leaseholder?
You’d only ever consider applying to the FTT as a leaseholder (it’s doubtful that your freeholder ever would, even though they have the right to) if the difference between the premium you’re offering and the one your freeholder has proposed in answer is £10,000 or more mainly because of the costs involved.
Can a FTT award costs in a lease extension case?
Similarly to the second point, your freeholder will normally want to settle before the possibility of being summoned to the FTT arises because they’ll have to pay their own costs. It is extremely unlikely that the tribunal will make an award for costs in a lease extension case.
How does the leasehold valuation tribunal ( FTT ) work?
First-tier Tribunal (Property Chamber): How does the Leasehold Valuation Tribunal work? The First-tier Tribunal (Property Chamber) (FTT) is the very last stop on the statutory/formal process for lease extension, set out within the Leasehold Reform, Housing and Urban Development Act 1993.
Can a freeholder get a 90 year lease extension?
Here he turns his attention to the minefield of dealing with your freeholder to get a formal lease extension. Leaseholders have a legal right for a lease extension of an additional 90 years with zero ground rent. Unscrupulous freeholders, their solicitors and surveyors seek to frustrate this by introducing every conceivable delay and complication.