… and that includes suing their ex-managing agent, losing the case and passing on the £10,000 legal bill!
Lemmings unaccountably like to hurl themselves off the cliff-face into the abyss … and so, it seems, do Chelsea leasehold owners who cannot agree among themselves.
Years of wrangling mean that a rundown four-flat converted Victorian house just off the King’s Road is now being managed by a court-appointed managing agent. He has additional powers as the court-appointed receiver.
This is a mirror image opposite of the right to manage: the four leaseholders, three of whom are also the freeholders, cannot manage their own affairs so someone else is having to do so for them.
When neighbours cannot demonstrate a minimum ability to co-operate the result is years of argument, a neglected building, multiple LVT cases and … thousands of pounds wasted. In short, a disaster for all involved.
Each of the four leaseholders had until 5pm yesterday (Friday May 10) to pay £13,750 each for long overdue refurbishment works. They were also ordered to pay £2,500 each to pay the costs of a failed legal action by their managing agent, who had sued their ex-managing agent for release of service charge funds.