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Hello and thank you for your question. My name is ***** ***** I will be very pleased to assist you. I'm a practising lawyer in England with over 15 years’ experience. Please be aware that although I will endeavour to reply to you promptly, I am also in full time private practice and so I may not be available to respond immediately and it may also take me a few minutes to prepare a reply. The site will notify you as soon as I respond. I look forward to working with you to answer your question fully.
I am very sorry to read of the above and I imagine what a difficult position it must be. I will certainly try to clarify your options.
thank you and thank you for the above clarifications. There is no need to set up a limited company for management purposes unless the lease specifically requires this which I would not expect for a building of this size. Rather, what the legislation requires is that as landlord, your husband maintains an entirely separate account for the purposes of collecting maintenance payments, service charges as they are known, in order that both his and other tenants payments for service charges funds are not co-mingled with his own and can be readily identified.
The legislation also requires that records are kept appropriately for accounting purposes as any leaseholder in the building has the right to request a statutory set of accounts for the previous year and from there, further invoices and other documentary evidence to substantiate that account summary.
Obviously, whilst matters a relatively informal as between family, it may be that certain formalities can be dispensed with in practice but from what you say, this has led to an issue with regards ***** *****
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Thank you - I will try you now...