Leaseholder responsibilities
Principally, these will be the requirements to keep the inside
of the property in good order, to pay (on time) a share of the
costs of maintaining and running the building and common parts, to
behave in a neighbourly manner and not to do certain things without
the landlord's consent, for example, make alterations or
sublet.
The landlord has an obligation to ensure that the leaseholder
complies with such responsibilities for the good of all the other
leaseholders.
These rights and responsibilities will be set out in your
lease.
Service Charges
The Lease will specify items
for which a service charge can be demanded. The law defines service
charge as an amount payable in respect of services, repairs,
maintenance, insurance or management costs and which varies in
accordance with the changes in cost to Accent Nene in respect of
these matters.
The landlord can only recover those costs which are reasonable.
Leaseholders have powerful rights to challenge service charges they
feel are unreasonable at the Leasehold Valuation Tribunal
(LVT).
Depending on whether you live in a house, bungalow or flat the
details of the lease and the management of the building and scheme
will vary.
Ground Rent
Because leasehold is a tenancy, it is subject to the payment of a
rent (which may be nominal) to the landlord. Ground rent is a
specific requirement of the lease and must be paid on the due date,
subject to the issue of a formal and specific demand by the
landlord
Reserve funds
For many there is special provision in the lease for a reserve fund
or sinking fund which Accent Nene hopes will even out the cost of
major works. These are large expenditure items which occur
irregularly such as major repairs to such as roofs, window frames,
car parks and driveways.
Accent Nene will consult all leaseholders before carrying out
Major Works. You will be given the chance to see estimates of the
costs and your views will be taken into account before any work is
begun. This arrangement ensures that both your home and the
development will be kept in good condition.
Management charge
This covers the costs of dealing with matters relating to you and
your property and is reviewed annually according to the terms of
your lease
Buildings Insurance Premium
Accent Nene arranges building insurance; you make a monthly payment
to cover the premium for your home. There is a £100.00 excess. You
have to arrange your own contents insurance.
What happens if the leaseholder doesn't
pay?
It is the leaseholder's obligation to pay the service charges and
ground rent promptly under the terms of the lease. If they are not
paid and the landlord is able to satisfy an LVT that the charges
are properly due and reasonable, then he can begin forfeiture
proceedings by applying for a court order. The court has wide
discretion where forfeiture is concerned, but if forfeiture is
approved by a court, this can lead to the landlord repossessing the
property.
The landlord may also seek a county court judgment for
payment.