Buying at Auction
Buying property at auction can be a great way to start or build your investment portfolio, but it’s important to follow some simple steps to make sure you get the right property at the right price. Here’s our simple step-by-step guide
Appointing a managing agent
Choosing the right managing agent is important, not only for your building and other communal areas but also for the community of the site. As a freeholder or a director of a management company, you have a responsibility to choose
Jail for breaches of Fire Safety
The Grimsby Telegraph reports the prosecution in Grimsby Crown Court of local landlord, Keith Newsum, who received a five-month prison sentence, and was ordered to pay costs of £100,000, plus compensation of £4,200 to his tenants. Mr Newsum was accused of
What are Accurate Reinstatement Values?
Usually, a generic pricing table is used to calculate the reinstatement value. This generalises all buildings into set categories and gives a reinstatement value at a price-per-square-metre. However, your property could have completely unique needs and may not fit into
Who Is Responsible For Insuring The Building?
The property owner and managing agents where appointed, may be responsible for ensuring an appropriate level of insurance cover is maintained on the property. As a landlord you will want to protect your assets, one way to do this is
What Is The Reinstatement Cost Assessment (RCA)?
The Royal Institution of Chartered Surveyors (RICS) states that an RCA is an ‘assessment of building reinstatement cost for insurance purposes’. The assessment is typically carried out by a qualified surveyor who calculates the cost to rebuild the property either
What is a section 20 Notice and what are they for?
Section 20 of the Landlord & Tenant Act 1985 (as amended by the Commonhold & Leasehold Reform Act 2002) sets out the three-stage consultation procedure with which to follow when carrying out qualifying works to your building where the contribution
Right to Manage (RTM)
Right to Manage (RTM) is a provision in the Commonhold and Leasehold Reform Act 2002 for Leaseholders to force the transfer of the management of a building to a special company set up by the Leaseholders. Certain conditions need to
Leasehold Property Transfers
A leasehold property transfers is the sale of a property in which the lease obligations are transferred to the new owner (leaseholder). Seel & Co deal with the transfers of properties within a development. We manage answering all solicitors’ leasehold
Noise Nuisance
One result of living in a block of apartments is that noise from neighbours can become a nuisance. Unlike living in a house many walls and in some cases both floors and ceilings are adjoining a neighbouring property. Most Leases