Acting on behalf of the freeholder aka landlord
Other

MartinW
MartinW
0 Thanks
1 Posts
9 years ago
0
Hi folks

I've just bought my first BTL apartment in Manchester.

Essentially the company responsible management of the property (the people I pay the service charge too to cover building insurance, repairs and maintenance)is saying that in order to transfer the details from the old owner to me I need to do/pay the following.

6. NOTICES OF ASSIGNMENT AND CHARGE
Notices of assignment and charge must be served on the freeholder (landlord) and the management company in accordance with the lease. We shall receipt and return duplicate Notices on behalf of the management company* upon payment of the fee to us of £91.79 inc VAT

*I assumed they were the management company.


8. RESTRICTION ON THE PROPRIETORSHIP REGISTER
E) a cheque in the sum of £87.79 Inc VAT made payable to us in discharge of our administration fee for dealing with the certificate.

So £179.58 in total for that management company.


The thing is I pay the ground rent to another company (who act on behalf of Adriatic Land 2 Ltd who by all accounts are the landlord)and in order to the previous owners details swapped to mine they are saying:

'You are correct that we are still waiting for the documents Notice of Transfer and Notice of Charge together with a payment of £230.00 to process the transfer, please could you contact them and inform them that we are still waiting for them.'

So £230 to process the transfer?!!

I get the impression I am having my trousers taken down by someone. Is this standard practice? Do I have to grin and bear it or is there a work around?

Any advice much appreciated!

Please Login

You must be logged in to participate in our forums, to continue please login below.

Not a member? From only £99 you can join in the discussion and get access to member's only resources and services.

As the home for landlords, the NRLA are here to help you save time, save money, and stay compliant. NRLA membership gives you access to a vast range of expertise, resources, and exclusive member benefits and savings, designed to help and empower members. We also play a pivotal role in campaigning and championing the interests of landlords.