IS THIS THE FASTEST CONVEYANCE EVER?
Instructed on a Wednesday by a client after viewing a residential  property that  day. We completed that Friday so the client with his family moved in for the weekend. 3 days from start to finish.Is that a record? John Petrou


 RESIDENTIAL LEASE EXTENSIONS
We are  very active  in this field with clients wishing to enhance the value of their leasehold interest. Please remember it is imperative an application for a lease extension is served on the landlord before the lease has fewer that 80 years to run as it becomes much more expensive after this.


RIGHT TO MANAGE  YOUR BLOCK OF FLATS - AN IMPORTANT RIGHT FOR LEASEHOLDERS

Legislation made in 2002 provides a right for leaseholders of flats to force the transfer of the landlord's management functions to a special company set up by them known as Right to Manage Company. The right was introduced, not just as a means of taking control from bad landlords, but also to empower leaseholders, who generally hold the majority of value in the property, to take responsibility for the management of their block.

The process is relatively simple. The landlord's consent is not required, nor is any order of court. There is no need for the leaseholders to prove mismanagement by the landlord. The right is available, whether the landlord's management has been good, bad or in different and can be processed by us from as little as £850 plus VAT and disbursements (such as the cost of the RTM company). Please contact John Petrou here for more details
  Contact:   John petrou@londonrjs.co.uk   for more details

STAMP DUTY LAND TAX (SDLT)  The threshold reverted  to 1%  above £125,0000  to £250,000 on residential properties fro 1 January 2010 . Let us advise you if tax savings may be made without  cheating the taxman.

ENERGY PERFORMANCE CERTIFICATES
From 1 October 2008 all buildings whenever sold, built or rented will need an Energy Performance Certificate (EPC).

EPCs were first introduced for the marketed sale of domestic homes, as part of the Home Information Pack. If you are buying or selling a home it is now law to have a certificate. From April this was extended to newly built homes and large commercial properties. On 1 October 2008 all buildings whenever built, sold or rented require one, including those on the market before the phased introduction of EPCs for domestic properties in 2007.
EPCS are produced by accredited energy assessors.
On Tuesday, 9 September 2008 regulations on EPCs were updated to respond to consumer and industry needs. These came  into force for October 2008 and include:

• extending the validity period of the EPC for homes when marketed for sale - currently one year - to three years (this has been the result of extensive consultation)

• clarifying arrangements for the October roll-out for commercial buildings already on the market which will be similar to those put in place in April and July. This means that any non-domestic building on the market before 1st October and remaining on the market will need an EPC by 4th January at the latest. If it is sold or rented out in the meantime, an EPC must be commissioned and then handed over as soon as is practicable. This measure is intended to make it easier for owners and landlords to comply with the legislation, avoid market fluctuations and is in response to expectations from the industry


RJS- Residential  & Commercial Property Department


Contact
jp@londonrjs.co.uk