Q: It has come to our attention that managing agents are in the habit of recommending to solicitors that sellers pay a ‘retention fee’ to the buyer to cover any shortfall in service charge. This circumstance could exist that due to the timing of this sale, there is a possibility that the current financial year […]
Q: The old boiler room at our block is no longer in use and it has been suggested that it could be sold. As the majority of the flat owners now hold the freehold, what are the tax implications if it was sold, and the money distributed among the shareholders? Alternatively, could the money raised […]
Q: Could you offer guidance as to the fees that can be charged by ourselves as managers during a lease transfer? During recent sales we have been approached by existing owners, their solicitors, the buyer’s solicitors, and on occasion by the buyers themselves, seeking lease and property details. The requests have been by email, telephone, […]
