Welcome to Leasehold Life...
The award-winning independent leasehold information site for RMC's, leaseholders and landlords.
Acting as a management support consultant to the Directors of the RMC which owns our freehold, I also manage issues arising from the majority of the flats being sublet by private sector landlords.
With contributions from industry professionals across the property sector, the aim of Leasehold Life is to enable everyone involved in living and managing blocks of flats to make the best decisions for their individual and collective circumstances.
Endorsements
- "Excellent site and nicely put together" Roger Southam BSc (Hons) FRICS MIRPM Chairman and Chief Executive Chainbow ...
- "I applaud the work being done by Sharon Crossland to help empower leaseholders of flats by providing them with clear, simple and user-friendly information about their rights and obligations." Kat Callo, Author of Making Sense of Leasehold Property, The Survivor’s Guide To Buying a Freehold and Director and Strategy Consultant of Rosetta Consulting Ltd ...
- '...clearly knowledgeable about leasehold issues...' Ben Young Chief Executive RLHA Group ...
- "An impressive site" Dr Richard Tyler Co-Ordinator National HMO Lobby ...
- "Sharon's knowledge, experience and contributions towards the complexities rented properties can present, makes Leasehold Life a real asset to anyone involved in the sector". Paul Sailles Director hip-consultant.co.uk ...
- "Fascinating, highly informative and very useful website written by an amazing leaseholder to help other leaseholders." Federation of Private Resident's Associations FPRA ...
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At TwoFour Broadcast they are creating a brand new series dedicated to challenging the wayward, negligent and downright criminal landlords that are making their tenants lives a misery. If this is YOU please get in touch. They would love to hear about your stories of the nation’s worst LANDLORDS FROM HELL. Please get in contact with john.coffey@twofour.co.uk or by calling 0207 438 1949. TwoFour Broadcast are a leading UK broadcaster having recently produced Educating Essex for Channel 4, The Story of Musicals and Harry’s Arctic Heroes for the BBC. Check out their showreel at www.twofourbroadcast.co.uk |
TwoFour Broadcast is looking for long suffering TENANTS who have the LANDLORD FROM HELL. Are you spending the winter with heating that doesn’t work? Does your landlord not respond to your cries to fix the leaking roof, the damaged and life threatening gas boiler or the ancient plumbing? Is your landlord simply a bully who makes your life miserable?
Leasehold Life is very pleased to publish another article from Katie Cohen, Partner at JPC Law, this time focusing on acquiring the freehold from a bankrupt individual.
Bankruptcy is the legal status of an individual who has been adjudged by an order of the court as being unable to repay their debts. An individual who believes they are insolvent may petition the Court for their own bankruptcy or a creditor may issue a bankruptcy petition against such an individual in a County Court or the High Court.
Once an individual is adjudged bankrupt a Trustee in Bankruptcy (“the Trustee”) is usually appointed to realise the bankrupt individual’s assets and distribute the proceeds of sale amongst the creditors. Often, the only significant asset of most bankrupt individuals is the property in which they reside.
Where the property is not the bankrupts principal residence, and once a bankrupt order has been made against the individual, any equity they may have in property will vest in their Trustee. By virtue of Section 306(2) of the Insolvency Act 1986, such property shall vest in the individual’s bankruptcy estate without any conveyance, assignment or transfer.
When a property is solely owned by a bankrupt individual the legal interest in that property also automatically vests in the Trustee. In such cases, the Trustee can apply to the Land Registry to become the registered proprietor.
In practice, however, the Trustee does not always apply to the Land Registry to become the registered proprietor of the property and the bankrupt individual usually remains registered as the legal owner of the property.
The property (or any equity in the same) will remain vested in the Trustee at his/her discretion for the benefit of the creditors, until the property is sold or otherwise disposed of. It is important to note that the property does not revest in the bankrupt individual at the date of his discharge from bankruptcy.
A Section 13 Notice may be served on the Trustee as he/she is acting as the landlord for the time being and is bound by the provisions of the Leasehold Reform, Housing and Urban Development Act 1993 to respond as the landlord.
www.jpclaw.co.uk
Enfranchisement Department
| Graham Jaffe Partner Jaffe Porter Crossick LLP This e-mail address is being protected from spambots. You need JavaScript enabled to view it. 020 7644 7260 |
Katie Cohen Solicitor Jaffe Porter Crossick LLP This e-mail address is being protected from spambots. You need JavaScript enabled to view it. 020 7644 7261 |
Category: Guest Contributors
Disclaimer
While this website is checked for accuracy, the information and articles provided by Leasehold Life are not to be construed as legal advice.
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