The amount of money recovered by the Charter Quay residents has this week passed more than half a million pounds in cash.
The bulk of this came from actions against companies owned by the Tchenguiz Family Trust.
In the latest (and last) case more than £90,000 has been recovered from the landlord with the help of the court-appointed managing agent HML Andertons.
The action, which has taken nearly a year, was to recover “rent for common areas”. In each of the years 2005 to 2009 the landlord had charged residents for “renting” the reception area, gym and the management suite, although there is nothing the leases allowing them to do this.
The residents claim that the managing director for the landlord’s managing agent, Michael Gaston, of Estate and Management Ltd, also owned by the Tchenguiz Family Trust, admitted as long ago as November 2010 that it had no right to collect this money.
Estates and Management Ltd have settled just before HML Andertons submitted an application for summary judgment. The landlord has also accepted he has no right to collect these “rents” in future, which will now save each flat a further £70 every year.
The residents have fought four actions against the landlords in a protracted four-year-fight. [Read more...]