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
Living in leasehold flats
The guide below outlines the structure of Leasehold Living, your roles and responsibilities and those of your neighbours. Click here to download the guide.
Leasehold Valuation Tribunal (LVT)
The LVT or First-Tier Tribunal as it is now called in England is the Court where disputes between leaseholders and their Landlord or Management company are adjudicated. The tribunal can adjudicate on the following matters: Buildings insurance Service charges and
General legislation and health and safety
There is much legislation that provides structure to managing a property. The legislation covers a wide range of subjects including: Accounting and taxation of service charge monies Administration of resident management companies Appointing contractors Asbestos Bribery Breaches of a duty