Non-Rent Monies

blog yellow circle pmgHere are various blog resources related to non-rent monies and payments, with sub-categories of service charges, fees, and other monies and costs/charges. These can be directly charged or hidden away, and are important to know what you may have to pay or might be able to charge another property interest for.

 

The Nuts & Bolts of Property Service Charge Structures

service charge structure property management guideUnfortunately, service charges can get very confusing, even for the experienced property-management expert. There can be endless lists, costs, and accounts that seem difficult to understand within the context of the property.

Often the best way to begin unravelling the service charge mystery is to go back to the fundamental basic principles to see how the detail then reflects, or instead should, reflect this.

After all, they are supposed to be summarising the running costs of an actual property, which are then fairly shared out between relevant occupiers and owners.

Therefore here are ten foundational principles of how service charges should be structured. These are for the more involved landlords, investors, and property managers who...

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How to Stop Landlords & Managing Agents Screwing Residential Leaseholders With High Fees For Sub Lets

sub let fees residential property management guideThis can be a real blow for those owning residential properties through a long lease with a landlord freeholder or management company behind the scenes, often in a block of flats.
 
The gist of your ownership is that you can let it out if needed, maybe a buy-to-let investment or you’re just moving out for a while, with the focus often just on the mortgage side of things being agreed. But then suddenly when the above ‘landlord’ gets wind of this they can suddenly be requesting hundreds of pounds to grant permission for this, often through strongly worded letters out of the blue.
 
However, the good news is that in the majority of cases this isn’t the case and can be a try-on to earn some more fees. And even where there is some...

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How to Squeeze Service Charge Accounts From a Residential Property Landlord, Beyond the Landlord & Tenant Act 1985

service charge accounts request landlord tenant act1985 property management guideIf you’re a tenant of a long leasehold residential property, then you have a raft of legislation protecting you and providing all kinds of rights.

One of these is to force a landlord to provide the complete service charge accounts and show the invoices and receipts. When you’ve been having iffy service and questionable changes, this can be essential to help dig deeper into where on earth all the service charge monies disappear to.

The technical piece of legislation that provides this right is under Sections 21 and 22 of the Landlord and Tenant Act 1985 (LTS 1985), and there’s already plenty of legal information available to explain the detail and even send a letter off to the landlord - one good example is the here at Lease...

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