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Jo C.
Jo C., Barrister
Category: Law
Satisfied Customers: 31768
Experience:  Over 5 years in practice
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I am company secretary of a property management company

Customer Question

I am company secretary of a property management company for a leasehold block of flats. a unit has just been repossessed and a new lease has been prepared by the managing agents. The terms of the new lease which runs for 135 years beggar belief, the current proposed ground rent is £1000 pa rising to 1,024000 at the end of the term. The current leases are for 99 years from 1991 with ground rent rising by £100pa to £500 at the end of the term. If the management company sign this new lease I am concerned for the implications for the remaining 17 leaseholders in the block. I believe thre to be a conflict of interest as the freeholder, managing agent and proposed new owner of the repossessed have the same company director. Kind regards ***** ********@******.***

Submitted: 2 years ago.
Category: Law
Expert:  Nicola-mod replied 2 years ago.
Hello,
I've been working hard to find a Professional to assist you with your question, but sometimes finding the right Professional can take a little longer than expected.
I wonder whether you're ok with continuing to wait for an answer. If you are, please let me know and I will continue my search. If not, feel free to let me know and I will cancel this question for you.
Thank you!
Nicola
Customer: replied 2 years ago.

Hi Nicola

I am happy for you to continue searching for the right professional at this point.

Kind regards

John

Expert:  Nicola-mod replied 2 years ago.
Hello,
We will continue to look for a Professional to assist you.
Thank you for your patience,
Nicola
Expert:  Nicola-mod replied 2 years ago.
Hello,
I apologise as we have not yet been able to find a Professional to assist you. Do you wish for me to continue to search for someone to assist you or would you like for us to close your question at this time?
Thank you for your patience,
Nicola
Customer: replied 2 years ago.

I think we should close this enquiry at this point

Kind regards

John