What is LKP

The Leasehold Knowledge Partnership exists to protect ordinary leaseholders from being fleeced by landlords and their agents. They exploit the many opportunities offered by this flawed form of property tenure.

The LKP seeks to identify and accredit property managing agents who sign up to open accounting and straight dealing.

They charge a clear fee for property management – often on behalf of the residents’ own management companies – and do not pocket commissions offered by insurers, energy companies and assorted service providers.

In short, they don’t collude with others to overcharge the residents, which is particularly depressing to encounter with the elderly in retirement developments.

To be accredited, LKP managing agents must sign up to a 35-point accreditation process, and residents in the blocks they manage are selected at random to provide references.

LKP also provides an editorial service for leaseholders.

Leasehold is a murky little corner of residential property, but with 1.8 million leaseholders and £3 billion a year spent on service charges there is huge scope for unsuspecting homeowners to be ripped off.

Redress is complicated and expensive and, if you lose, all the freehold landlord’s legal expenses – barristers are now routinely used in LVTs – can be reclaimed in the service, or ‘administrative’ charges.

The trade bodies involved in property management have been well aware of abuses in leasehold management for years. They all have codes of practice that are feeble and discretionary, and that have well attested loopholes.

Following numerous leasehold scandals they now parrot “transparency” and demand regulation.

LKP is also lobbying for legislative change in leasehold, particularly to regulate managing agents who control vast sums of money without any supervision.

Of course, the ideal solution to leasehold is to stop building any more of it, and instead to build commonhold – which is what applies in the rest of the world, outside England and Wales.

There is a mass of information on this site and we hope it is useful.

We welcome inquiries from ordinary leaseholders and have a network of supporters and sympathisers who have dealt with everything from £500,000 LVT bust-ups, to contested Right To Manage applications.

Sebastian O’Kelly
Leasehold Knowledge Partnership
sok@leaseholdknowledge.com
07808 328230

 

Comments

  1. m.tyler says

    We have gone RTM 2 years ago. We then chose a new Managing agent. We are not happy with them. Peverel would like to be our replcement Managing agent, still under RTM. What do you advise?

  2. says

    For anyone to Consider Peverel Management as the Managing Agent, illustrates to me that they have really not made any enquiries of the Management Company et al. Wake Up! Ask of any bona fide Estate Agent and they should tell you that Peverel are the Kiss of Death on any Property on a Managed Estate. They, that is Peverel, are only after your Money, and the idea that retirement to one of their managed estates is ideal, just forget it, they are only after your hard earned brass and nothing else! Private Sheltered Housing? I wish I HAD never heard of it! BE WARNED!

  3. Michael Epstein says

    Ernest Hartland,
    How very negative of you! As the temperature reaches 32C (89F in old money) how without Peverel could i purchase a Dimplex Quantum Heater at quite so much more than i could purchase independently?
    Without Peverel, think how boring customer open days would become?
    Imagine such an open day, and not having the need to ask about service charge funds, electricity rebates, poor work, unnecessary work,use of connected companies, irregular valuations, insurance commissions, Premium Credit, cheque frauds, refusal to take standing orders, the number of lost developments and the amount of refunds they have been ordered to give and of course the price fixing?

  4. Anna says

    Michael,
    Putting it like that, they don’t sound so bad after all, keeping things interesting I mean.

  5. Brian says

    Hello. I’ve been told that Peverel have changed and improved since the change of ownership last year. Do people agree or disagree?

    thanks.

  6. Michael Epstein says

    Others may well take a different view to me, but for what my opinion is worth i feel that Peverel have set themselves very low standards, and missed by a considerable amount!

  7. Anonymous says

    HI,
    Has anyone had dealings with Deacon and co please? I’m hoping to buy a 1-bed flat in a two flat semi-detached in Brighton managed by them but the paperwork from the solicitors is turning up really high charges for year up to Sept 2014:
    100 Ground rent
    890 Service charge expenses
    300 Building Insurance
    100 Health & Safety
    50 Accountancy fees
    376 Management fees
    Costs seem to be rising by about 1/5th a year…
    Thank you,
    Anonymous
    300 Repairs to property
    250 Reserve fund

    • terry sullivan says

      do not buy leasehold without share of freehold–even then can be a pain but freeholders like peverel are rip off merchants–brighton if full of them–hoogstrated anyone?

  8. Trevor Bradley says

    Well I don’t know how much your flat is or what size it is but the figures you provide add up to £2,366.
    £2,366 carges per annum for a 1 bed flat and you appear to be getting nothing for it.
    Is it just a converted semi detached. Also how long is the lease. Don’t forget you are not buying a property, just a licence that allows you to live in it until the lease expires. As a lease gets shorter a property normally drops in value, then you renew the lease at something like costs of £10K
    At those service charge figures, against the info you have provided I would not even consider it for one moment. Just walk away.

  9. AM says

    Quite honestly I cannot see too much wrong there although it will feel high.Clearly you are getting a lot for it, but I would be asking for a breakdown of the 890 as given the other items, all that is left is cleaning or gardening ! In a simple building of 2 units I would not expect H & S to be an annual expense more likely 2-3 years and the reserve of 250 is woefully inadequate. 376 management fee seems a lot but for two flats minimum fees will apply of 500 to 600 for the block plus VAT. Unless the leases requires certification by an auditor, then a certificate of expenses and keeping the books for the year for the two flats should be in the management fee of 376.

    • AM says

      And you replace it with.. ? The fact is that houses or wings excepted, when one unit is on top of or linked to another there has to be a contract in place to manage the relationship, from shared spaces to rights of support or repair or use. That leaseholds can allows exploitation is what needs to fixed.

      • Lesley Newnham says

        You replace it with whatever the rest of the world has, something must work better than leasehold!!

        • AM says

          But those of us who have worked in the rest of the world know that the common problems exist elsewhere. You might not like forfeiture, but when a condo committee can force the sale of the unit over your head for a breach of the rules and issue fines….

  10. D. T says

    Balcon Court, Ealing London W5 3AZ has been without
    a residential permanent House Manager for 10 months.
    Occasional temporary Managers for odd days plus foot
    dragging has been the order of the day At the time of
    writing Peverel have just decided to advertise for a replacement. Believe it when we see it. It is clearly
    mentioned in our lease and also the reason many residents took a flat here.. Will we get a refund for the absent ||Manager’s salary.???

    D.T

    • AM says

      If the lease obliges them to provide an HM then get together with others and ask the county court to issue an order requiring them to employ one. For W5 there are many employment agencies with lists of HM looking for posts.

  11. Anita Heaton says

    I’m not sure how this works but does anyone know of any other towns or citues with local authority landlords and who have problems with how they manage their leaseholds and epxect their tenants to find thousands of poundsworth of major works since they have the Housing Revenue Account to fund the work.