Leasehold, a unique form of tenure unique to England and Wales is preoccupying us this week as so many buyers of flats are hit with unexpected bills. First of all I am helping a group of flat owners who have been hit with a 30% surcharge on their service charges, which seems bad until you hear of a young couple forced out of their home by the cost of their service charge. Yes, the charges must under law be reasonable and management companies must account for their spending but both the cases above demonstrate how hard it is for people […]
