Change to stop rentals in flat development?

Change to stop rentals in flat development?

0:02 AM, 12th December 2023, About A year ago 16

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Hello, I have owned 3 flats in a block of flats for 20 years, which I rent out, and the service management company have just changed hands and decided unilaterally to not allow rentals there because of “antisocial behaviour”.

I had just agreed to sell one of these to an investor and the management charged me the fee for the sellers pack, and then in the last few weeks, they decided that the new buyer wouldn’t be able to rent it out, I’m flabbergasted.

I’m at my wits end, can anyone suggest what I need to do next?

Thanks,

Steve


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Graham Bowcock

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13:44 PM, 12th December 2023, About A year ago

The key here is to speak to your solicitor. Clearly your lease has to be the starting point and you know this forbids letting.

If you have consent to let then you need to unravel this with the managing agent, but that may take time and legal fees.

Steve Guest

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13:57 PM, 12th December 2023, About A year ago

Reply to the comment left by Wendy at 12/12/2023 - 12:42
70 flats ,that would be a lot of money for the freehold

Judith Wordsworth

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14:07 PM, 12th December 2023, About A year ago

Unless your Lease precludes sub-letting/renting out your property I don’t think the management can do this. Especially as you have rented out for many years

David Smith

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14:14 PM, 12th December 2023, About A year ago

Reply to the comment left by Steve Guest at 12/12/2023 - 13:57
Possibly!!
But Collective Enfranchisement would be an option especially if it helps increase the value of all the properties.

Paddy O'Dawes

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17:25 PM, 12th December 2023, About A year ago

It is one for proper legal advice but if a number of individuals have been letting for an extended period of time (10 years plus as per OP) would that not give a practice and custom argument?

Kizzie

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17:44 PM, 12th December 2023, About A year ago

Response to Cotango: Shared ownership is different to leasehold with a share in freehold interest held in an incorporated Residents Management company limited by shares in which each leaseholder holds one paid up share with voting rights

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