Tag: Management Company
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Leasehold service charges under attack at Westminster
A heated debate has recently taken place at Westminster Hall where it was argued that the current leasehold system favors property management companies. Jim Fitzpatrick MP has opened fire on “rip-offs” faced by leaseholders in a call for reform of unfair charges and a confusing legal system. Mr Fitzpatrick said: “Urgent action is needed to…
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A post completion nightmare – difficulties with a restriction
It is not unusual in a dealing with leasehold transaction to be faced with a restriction on the title in favor of a management company. Many leases for new developments in the 80s and 90’s imposed obligations on a management company formed by the residents of to ensure that responsibility for the upkeep and management…