the
Property Law
website
Maintained by Gary Webber, barrister
Service charges and insurance
This page deals with various matters relating to service charges including the following:
Accounts Caretakers' flats Consulting tenants and dispensing with the requirements Compromise agreement - effect on ability to recover from shareholders Effect of delay in doing repairs on recovery of service charge Insurance on leasehold houses Legal costs of LVT hearings The 18 month recovery rule Summary of rights and obligations Time to pay - does LVT have a discretion?
(For restrictions on forfeiture in service charge cases click here)
Consultation paper issued by Office of the Deputy Prime Minister on 25 June 2004. It is concerned with service charge trust funds under s42 of the 1985 Act. In future it will be necessary for monies in respect of each block of flats to be held in separate funds, each to be called a s42A account. The consultation is concerned with the mechanics but is nonetheless of considerable importance. Leaseholders may well have more protection by this provis ... THIS IS AN EXTRACT OF THE FULL TEXT. TO GET THE FULL TEXT, SEE BELOW