Islington Leaseholders AssociationLease Extension Presentation ILA 10 Oct 2012 by Nadeem Hussain of LEASE.
Download here Lease Extension Presentation ILA 10 Oct 2012
(This is a Power Point file, so you must have that app on your computer for file to open)
Below is a link to LEASE’S online booklet on lease extensions.
http://www.lease-advice.org/publications/documents/document.asp?item=8
Keith Greensted, MRICS of Warmans Surveying has provided the attached guide with FAQ and illustration of how premiums are calculated for Leasehold Extensions, which will hopefully deal with the main issues and leaseholders rights under the 1993 Leasehold Reform & Urban Development Act (As Amended).
There is also a sample report which is indicative of a typical valuation and advice provided.
For those of you unable to obtain last weeks Islington Gazette dated 6 September 2012.
Please click here IslingtonGazetteLetters06.09.12
The Islington Gazette – Thursday 6 September 2012 , Page 18 – Letters
1) Letter of the week – ‘Legalised money laundering’ by Council
By Dr Brian Potter, Islington Leaseholders Association/
Federation of Islington Tenants Association
2) Leaseholders – A silence that is far from golden
By Kay Newsom, Islington Leaseholders Association member
3) Democracy – Champions must not be chumps
By Richard Rosser Highbury New Park. N5
Send your letters to islingtongazette.letters@archant.co.uk
Islington Gazette reports calls for investigation into Islington Coucil “…Islington council had a vested interest in overcharging by contractors …… The message being sent out to contractors by Islington council is ” if you get caught overcharging, don’t worry we will pay the legal cost with public money to defend your actions…..”
Full Islington Gazette articles here
A legitimate arrangement between the council and building firm Kier, which ran from 2000 to 2010, saw each party receive £12.1million of taxpayers’ money over the ten-year period.
The council confirm that the share they received will be spent on building new homes, but many leaseholders, who are charged for repair work, feel they are entitled to some kind of rebate because they believe they paid their share of the full estimate, not the actual cost.
Full Islington Gazette article articles here
From The Islington Gazette 16.08.2012
Days before a TV expose about leaseholder overcharging featuring Islington Council, a group of Islington Residents hope that their battle is at an end after the council was refused permission to appeal a ruling that it blew £1 million on housing improvements.
Mondays edition of investigative channel 4 show Dispatches features the Tremlett Grove Estate in Archway which was the subject of a leaseholder valuation tribunal ( LVT) in April. It found that the council paid over the odds for work on two blocks.
The ruling meant the council will have to refund around £16000 to each of the 14 leaseholders affected. more council lose appeal again
Dispatches TV pgm c4 -Monday 20 August 8pm – The truth about leaseholds
(set your video recorders)
Thursday, 17th November 2011 from newsontheblock.com
In a landmark case that will undoubtedly be a gamechanger for the property management industry, the Upper Tribunal has decided that managing agents must consider the financial impact of major works on lessees and whether to phase works so they become more affordable. More
Upper Tribunal Decision
LVT Decision link
Inspection of Accounts
Audit Commission Act 1998, sections 15 – 16
The Accounts and Audit (England) Regulations 2011 Regulations 9, 10, 21 and 22
Each year the Council’s accounts are audited and any person interested has the opportunity to inspect and make copies of the accounts and all books, deeds, contracts, bills, vouchers and receipts relating to them. (A charge may be made for excessive copies.)
The accounts for the year ending 31 March 2012 and documents will be available at the Council Offices, 7 Newington Barrow Way, London N7 7EP between 9.30am and 4.30pm on Mondays to Fridays from on Monday 25 June 2012 until on Friday 20 July 2012.
If you wish to inspect any documents please apply first to Mohammed Sajid, Chief Accountant, at the above address or call 0207 527 2574 or email Mohammed.Sajid@islington.gov.uk so that arrangements can be made.
From 10.00am on 25 July 2011 until the conclusion of the audit process, a local government elector for the area of the Council, or his/her representative,may:
– ask the auditor questions about the accounts. Please contact the District Auditor, Mr Philip Johnstone, at the Audit Commission, 1st Floor Millbank Tower, Millbank, London, SW1P 4HQ to make arrangements to ask any questions.
– object to the Council’s accounts asking that the auditor issue a report in the public interest (under section 8 of the Audit Commission Act 1998) and/or apply to the court for a declaration that an item in the accounts is contrary to law (under section 17 of the Audit Commission Act 1998). Written notice of a proposed objection and the grounds on which it is made must be sent to the auditor at the address given above and copied to me at the following address:
Finance Department,
Floor 2, Council Offices,
7 Newington Barrow Way,
London N7 7EP
Mike Curtis
Remember, it’s ‘how much’ was spent – not why. Also, bills paid, invoices, deeds and CONTRACTS can be requested for examination & copy. Good opportunity for anybody especially faced with major works bills to get hold of the relevant contract + bills and do some maths !
One could also ask the simple question, please provide all Bills paid and relevant invoices regarding property at ………… then one could compare with Annual Service Charges.
ILA
Islington Leaseholders Association
ANNUAL GENERAL MEETING
(meeting in public)
Wednesday 13th June 2012, 7pm
Main Council Chamber, Islington Town Hall,
Upper Street N1
Agenda
=======================================
1/
Introduction and Annual General Meeting 2011-2012:
7pm-7.30pm
a) Chairs Report
b) Treasurers Report 2011-2012
c) Resolution regarding Audit of Accounts
d) Election of Directors/co-opted directors
==========================================
2/
Chair opens monthly meeting 7.30pm
==========================================
3/
Guest speaker: Ms Patricia Napier (Barrister) who has been advising leaseholders and acting for them on a Pro Bono basis. 7.35pm-8pm
==========================================
4/
Questions and answers from leaseholders 8pm-8.30pm
=========================================
5/
Any other business 8.30pm-9pm
=========================================
NP:- Please let other leaseholders know about this meeting especially those who do not have email or tweet / RT this event.thank you.
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Hosting the meeting:- Dr B.S. Potter Chairman ILA
Follow us on Twitter @ilaorguk
Like us on Face Book http://on.fb.me/mWzios
The LVT recently confirmed that it considers Islington council Major Works charges were not reasonably incurred, and that one roof had been replaced & charged for without any clear evidence of inspection by the council, and that leaseholders were entitled to expect that blocks were inspected before substantial costs were incurred.
The LVT upheld it original decision of Merryweather & Brennand court vs LBI 29.3.12
The leaseholders concerned saved 10’s of thousands of pounds off their bills.
The council may still appeal again, but the real questions are why is the council wasting taxpayers money in making appeals rather than investigating its contractor(s) and staff responsible for the issues pointed out by the LVT ? and Is the Council going to obtain a full refund for the overcharging from its contractors so all tenants affected can benefit from the LVT decision , or are LBI to pass the cost back onto tenants and leaseholders in increased service charges in future bills ?
You can read the refusal statement LVT Refusal statement 26 April 2012
The LVT upheld it original decision of Merryweather & Brennand court vs LBI 29.3.12 see below post LVT – Merryweather & Brennand court vs LBI 29.3.12