Saturday, 31 January 2015

Shared Ownership and Resales under Shared Ownership Affordable Homes

Posted in: Need to Know | Ask the Experts

29/03/2012 2:15 pm

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Ilimis Mouloud

Ilimis Mouloud

Posts: 5

29/03/2012 2:17 pm

should read week. 

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Expert post

Adrian Waite

Adrian Waite

Posts: 28

01/05/2012 10:00 am

The Landlord and Tenant Act 1985 and Commonhold & Leasehold Reform Act 2002 set out the rules for service charges including a requirement for reasonableness. In particular the law states that service charges must be reasonable and must not exceed the actual costs of the services provided. Tenants, Leaseholders and residents of shared ownership homes are also entitled to be told how their service charges have been calculated.

Residents who are concerned about the level of their service charges should ask their landlord for a breakdown of the cost and to demonstrate both that the service charges do not exceed the actual costs and that the costs are reasonable. Costs would be reasonable if they are at or below the level that would usually be expected for the work involved.

Dis-satisfied residents have the right to appeal to the Leasehold Valuation Tribunal.

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Andy Allocca

Andy Allocca

Posts: 2

01/05/2012 2:06 pm

You may find that the 'service charge' is actually the rent due for the part of ther home not staircased,

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