- Category: People Interests
Those who deal with residential properties with long lease hold interests may well have heard of the famous ‘section 20’ notices which can get served when there are some hefty project works and costs on the horizon.
They stem from the Landlord & Tenant Act 1985 and are a neat way to calm down an ultimate freeholder, landlord, or management company getting carried away with repairs and projects works to the communal areas of a property and expecting each leaseholder-tenant to pay this through the service charge.
So maybe a fancy new redecoration job, or entering a large regular cleaning contract.
In short, this obliges the ultimate interest to send a series of legal notices to each long leaseholder - not only forewarning them of this...