Sir Peter Bottomley intervened in the Budget debate yesterday calling for adequate resources to protect leaseholders from predatory freeholders and the managing agents that they employ. He also repeated his call for Parliament to bring in “commonhold properly” and stop perpetuating the flawed leasehold system. Sir Peter said: “I say to the Government that there […]
Michael Hollands, an indefatigable letter-writer on retirement leasehold issues, has been told to stop writing to ARMA for to find out who are the current members of the trade body. The ARMA membership has been in a state of confusion since the January 1, the supposed deadline for application through the more rigorous ARMA-Q membership […]
Just over a week after being contacted by LKP, Peverel / FirstPort has had to pay back £39,377 to Hillside Court, in Ormskirk. The money was wrongly paid to the freeholder over the past 15 years after flats were sold, rather than transferred to the retirement site’s contingency fund. Residents spotted the extraordinary error in […]
Shula Rich (left), a long standing leasehold activist, writes to LKP to argue that ARMA membership is not an indicator of higher quality management. “If managing agents aren’t ARMA Q compliant that does not mean they’re not as good as those who’ve passed,” says Ms Rich, who runs the Brighton and Hove District Leaseholders Association.
In an extraordinary admission, Peverel / FirstPort says it has paid over thousands of pounds of contingency funds at Hillside Court, Ormskirk, to the landlord “by mistake”. Residents estimate that up to £40,000 is at issue, involving the one per cent contingency fund fess payable on sale of the properties.
… and if ARMA’s Twitter feed is to be believed, two-thirds of the membership has dropped out At least of a fifth of the membership of ARMA has ditched the trade association that on January 1 brought in more rigorous membership criteria. This is the figure reported by ARMA insiders, although many think the […]
(Sounds like an email to LKP from an aggrieved leaseholder …) Vincent Tchenguiz’s £2.2 billion legal action against accountants Grant Thornton has suffered a set-back as his documentation was described by a judge as “too long and failed to make clear the facts of the case”. Tchenguiz wants compo from Grant Thornton which he believes […]
The freeholder of Manchester’s prime No.1 Deansgate blinked first and dropped a Court of Appeal action to block a right to manage application. Residents at No.1 Deansgate, who include footballers Ryan Giggs and Phil Neville, Corrie star Helen Worth and Take That singer Jason Orange – have already spent £30,000 on the RTM marathon.
Trust Property Management, whose CEO Benjamin Mire is facing disciplinary proceedings from his professional body RICS, is no longer up for sale. It was put on the market on September 10 last year through Bluebox Corporate Finance, but earlier this month this process came to an end.
Pensioner Michael Hollands was appalled to discover the expense and difficulty involved in extending a lease in a retirement site There is one culprit in this unsatisfactory leasehold system that can end up being a big cost to leaseholders, particularly those who reside in retirement complexes: an even bigger cost than inflated management charges or […]
A re-energised and confident Leasehold Advisory Service held its LEASE annual conference 2015 in central London last Wednesday. It was a gathering of some of the brightest – perhaps most socially engaged – of the players in the professional leasehold world: lawyers, surveyors, property tribunal judges, property managers. For the third time – and it […]
… and he has suffered “anguish, apprehension and £3 million in losses” since being removed from his judicial appointment at the property tribunal. And there’s the “impact on his human rights” Property manager Benjamin Mire (left) yesterday failed in the high court to block RICS from conducting a disciplinary investigation into his conduct. Mr Mire, a […]
… aka Knight Square and FirstPort UPDATE: Feb 6 2015: The initial headline on this article, “Janet Entwistle is given the push at Peverel” was factually inaccurate, we are informed. The following statement to LKP has been received this afternoon: Janet Entwistle to stand down as CEO of Knight Square Following the successful launch of […]
A rogue financial controller at property company Hurford Salvi Carr who plundered client accounts of £1.3 million did not make off with leaseholder funds. Stephen Hurford told LKP that the block management accounts were not touched by Karen Chin, 45, who was based at HSC’s London HQ in Clerkenwell. “Leaseholders’ money was not touch at […]
Seventy key figures in the leasehold sector – including some battle-scarred leaseholders – attended a packed Westminster briefing yesterday to hear how leasehold could be reformed. The meeting was hosted by MPs Sir Peter Bottomley and Jim Fitzpatrick, and chaired by Martin Boyd, of LKP. It included presentations from Phillip Rainey, QC, of Tanfield Chambers, […]
LKP were invited to 10 Downing Street for a meeting yesterday to discuss the leasehold sector and the need for reform. Every area of the sector was discussed – including, at length, retirement housing – at a meeting that was held at the request of Sir Peter Bottomley, who was accompanied by Sebastian O’Kelly and Martin […]