Categories

Home » Archives by category » Readers' Questions and Answers » Trust and Reserve Funds

The money disappeared from the reserve fund when the landlord of our development changed. Is this a breach of section 42 of the Landlord and Tenant Act 1987?

The money disappeared from the reserve fund when the landlord of our development changed. Is this a breach of section 42 of the Landlord and Tenant Act 1987?

Reader’s E-mail: I have a tri party lease and a new intermediate landlord has been appointed . What should have happened with the funds held in trust with the previous…

Am I entitled to a refund of my contributions to the service charge reserve fund?

Am I entitled to a refund of my contributions to the service charge reserve fund?

Reader’s E-mail: The building I am living in has a substantial reserved fund. And this year, there was an excess income on the account which was automatically contributed to the…

Does the 18 month rule (Section 20B) apply to deductions from a reserve fund?

Does the 18 month rule (Section 20B) apply to deductions from a reserve fund?

Reader’s E-mail: Is a tenant liable to pay the expenses of a service charge if the S20B Notice failed to include those expenses that were met from a reserve fund…

Can I withhold payment of my Service Charge if my Landlord fails to comply with Section 42A and 42B of the Landlord and Tenant Act 1987?

Reader’s E-mail: The freehold of the property within which I am a long leaseholder, changed hands in Sept 2014; a new management company (owned by the freeholder) took over the management of…

The annual service charge statement is showing a balance of zero, and the contributions to the sinking fund have increased. Is this legal?

Reader’s E-mail: I have received an annual statement and noticed that a managing agent has put more funds into sinking reserve that stated on the original budget. Is this legal? Also the…

Our Resident Management Company used the Reserve Fund to purchase the Freehold of our building. Will this cause any problems?

Reader’s E-mail: About 5 years ago our RMC began the process of purchasing the freehold. Participation letters were sent out ask who was interested and whether we agreed for service charge monies…