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Ringley Group | Step by step guide to lease extensions

Under Section 56 of the 1993 Leasehold Reform Act, leaseholders have the statutory right to extend their lease by 90 years with a reduced ground rent of £1 (or peppercorn). To qualify, you must have owned the lease for at least 2 years. You don't need to live in the ...

Read    23/10/2012

Where finance meets property

Finance personnel working in property management need more than just technical accounting skills. They must possess the ability to manage complex service charge accounts while also handling client concerns that are often unrelated to the financial aspects of property...

Read    23/10/2012

How to manage your solicitor

In this section, the author reflects on their first experience working with a solicitor when purchasing their first property at 18. Despite feeling nervous and overwhelmed, the meeting turned out to be a reassuring and educational experience. The solicitor took the t...

Read    30/10/2012

A Spanner in the Works

For many leaseholders, buying the freehold is an attractive option. It not only increases the value of their property but also grants them greater control over the management of their building. However, the responsibility of managing a block of flats, especially with...

Read    05/11/2012

Don't get personal

Leaseholders who form a management company to run their own block face significant challenges, particularly in balancing the responsibilities of running the building with the emotional complexities that arise when neighbors are also colleagues within the company.

Read    05/11/2012

How to deal with a leaking radiator

For those that live in residential blocks, issues such as a leaking radiator can cause concern. www.leaseholdersupport.co.uk suggests ways to tackle the problem. Modern radiators are made of pressed steel and are used to emit heat from hot water which is pumped aroun...

Read    05/11/2012

How to deal with a leak from a bath waste area

A leak from a bath waste area can be problematic for homeowners, especially in residential blocks. The bath waste area refers to the outlet below the bathtub, which can leak and potentially cause water damage to the property below. It is important to understand the r...

Read    05/11/2012

How to deal with a blocked or leaking toilet

A leaking or blocked toilet can be a frustrating issue, particularly in residential blocks. Whether it’s a blocked toilet causing slow drainage or a leaking inlet pipe affecting your cistern, these problems often require attention. It's important to identify the type...

Read    05/11/2012

The world of service charge accounting creates true financial professionals

Finance in property management requires not only technical skills but also an ability to handle complex interpersonal challenges, making service charge accountants a unique group within the finance industry.

Read    05/11/2012

Virtual Concierge

Around 23% of apartment blocks in central London boast a concierge, and at the moment there are pretty much just two types of blocks of flats, those that have concierge and those that don't. However, that is now changing. The future, says Mary-Anne Bowring, MD of the...

Read    05/11/2012

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