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Demystifying Service Charge Accounts and Company Accounts for Self-Managed Small Blocks of Flats

Managing small blocks of flats can be a challenging task, especially for financial matters. Understanding the difference between service charge accounts and company accounts is crucial for blocks of flats large and small. Here, we explore the differences and shed lig...

Read    10/01/2024

What are my options if my landlord refuses to address repair concerns

As a renter, you have likely faced hassling situations in your leased premises. It could be a leaky tap, a faulty window/door, or a malfunctioning boiler during a cold spell. You expect the landlord to promptly acknowledge and address the problem, as any good landlor...

Read    09/01/2024

An update on the latest developments in the Renters Reform Bill

The much-anticipated Renters Reform Bill is undergoing a shocking and unexpected dilution. The UK government has decided to postpone the implementation of a ban on no-fault evictions indefinitely. Other legal modifications are expected to be retained in the Bill. How...

Read    09/01/2024

Government begins collection of data to record earnings of short-term rental platforms

Starting January 1, 2024, Airbnb and similar short-term rental platforms must report their clients' earnings to His Majesty's Revenue & Customs (HMRC). HMRC is also extending its scrutiny to high-value company-owned rental properties. They have urged companies wi...

Read    09/01/2024

MPs demand reimposition of stringent energy efficiency rules for landlords

After the UK Prime Minister Rishi Sunak recently reversed the stringent energy efficiency rules for landlords, MPs from various opposition parties have urged the government and the PM to reconsider the decision.Has Rishi Sunak stopped EPC Reforms in the UK?Prime Mini...

Read    09/01/2024

UK government considers rule changes for pooled client accounts

A minister from the UK government has committed to addressing the challenges faced by letting agents because of the actions taken by banks regarding pooled client accounts. The issue involves the closure of numerous accounts or the reluctance of banks to open such ac...

Read    09/01/2024

Upper Tribunal sets aside dispensation decisions marred by irrelevant conditions by FTT

This case pertains to a gated development of 174 flats and houses grouped around five squares near the Thames riverside. The property's landlord, Holding & Management (Solitaire) Limited, commissioned a fire risk assessment in June 2020. The survey identified con...

Read    03/01/2024

Leaseholders hit again by cost increases

Leaseholders are once again facing the brunt of increasing costs, with the latest rise in the National Living Wage set to impact service charges in 2024. From cleaning to gardening, many services in residential blocks rely on minimum wage labour, and the upcoming wag...

Read    01/12/2023

How to manage Leaseholder requests for Lease Extensions in a Self-Managed Block of Flats

In self-managed blocks of flats, the responsibility of handling various requests falls on the managing entity, the directors of the freehold management company. Such requests will from time to time include requests from leaseholders seeking lease extensions; that is ...

Read    30/11/2023

Empowering Leaseholders in Small Blocks of Flats to Manage the Service Charges

In recent years, the block's property management landscape has witnessed a transformation. At London's leading managing agent, The Ringley Group there is a growing emphasis on affordability and accessibility for leaseholders, particularly those residing in small bloc...

Read    30/11/2023

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