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The current priority, when assessing the short lease value, is evidence of similar flats usually in the same block or estate Where reliable comparable sales of similar short leases can be found, that will be a better indicator and this requires extensive local knowledge beyond the scope of this national calculator. The lease advice guides provide detailed advice on the core issues that affect leasehold property They are written, and regularly reviewed, by our team of professional legal advisers
Please remember that these are guides only, and are not a substitute for personal legal advice. We provide free advice on residential leasehold and park homes law We are an independent body, and we only advise leaseholders and park home owners All of our advisers are legally qualified
Contact the leasehold advisory service for expert advice and assistance on leasehold issues in england and wales. Lease is governed by a board, appointed as individuals by the secretary of state for the ministry of housing, comm unit ies & local government. This video is for leaseholders living in flats in buildings under 18 metres tall, and it explains how to find out who is responsible for your front door — including what your rights and responsibilities are An outline of the right to extend the lease of a flat under the leasehold reform housing and urban development act 1993.
Service charges, administration charges, ground rent, recognised tenants associations and forfeiture. Service charge monies to be held “on trust” for leaseholders the law states that any service charge contributions are held on trust by the landlord, for the leaseholders This means, in practice, that the money can be held in one or more account such as a bank or building society to be used for the purposes set out in the lease.
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