Lease terms bring ruin to families who bought flats that are virtually worthless

[Legal Beagles]

Flats at Blythe Court in Coleshill, Birmingham, which have a trap in the lease that ends up costing homeowners thousands a year. The lease terms are so unobvious that so far four – and possibly seven – firms of solicitors acting for buyers have failed to spot them. Kadian Kennelly, 32, a social worker and…
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[Crazy council]

Re: Lease terms bring ruin to families who bought flats that are virtually worthless

To add to the above, have seen since 2004, management company's have been re-interprating leases ( especialy tenants conditions and fees ). On one or to i have looked at, it looks, as close to the line of stealing as you can get. Management company's split off works company's that then charge massive fees for works ( like maintaining the grass, painting shared halls )

[Celestine]

Re: Lease terms bring ruin to families who bought flats that are virtually worthless

Wow...thats horrific! But even though the lease term is obscure and deep in the terms....THAT is exactly the job of a law firm to spot such things. Yes, the lease may well be unfair and need challenging, but these law firms have a duty to ensure that process is undertaken at their cost, or compensate these clients for a dreadful mistake.

At least now this issue has gained media attention, it will be difficult for the freeholder to get away with this lease term for much longer....rendering the flats unsellable until it is resolved.