FirstPort jacks up accounting fees at St David’s Square by 80% … and then bodges accounts, leaving leaseholders overcharged by more than £17,500

St David’s Square is a prime London Docklands site on the southern edge of the Isle of Dogs, opposite Greenwich. A full-scale, tribunal service charge dispute is to be mounted by leaseholders in January next year

FirstPort also bungled service charge demands overcharging leaseholders another £19,300

Auditor BDO missed accounting error and washes its hands of responsibility, leaving leaseholders out of pocket until mid-2023, or later

Freeholder has pocketed around £5 million in buildings insurance commission since 2017

Meanwhile … a FirstPort surveyor describes a five-storey building as an eight-storey building in seeking cash from the taxpayer-backed Building Safety Fund

… And Happy Christmas!

Continue reading FirstPort jacks up accounting fees at St David’s Square by 80% … and then bodges accounts, leaving leaseholders overcharged by more than £17,500 at Leasehold Knowledge Partnership.

Israel Moskovitz loses appeal on right to charge £36 a pop for collecting his ground rents

If allowed, the charges would have spread like the omicron variant through the leasehold sector

But will future leases be drafted to include similar charges?

This case – and others – highlight concerns over the inequality of arms between leaseholders and landlords over legal costs

Pro-leaseholder peers draft Bills to address leasehold cost regime abuses and other loaded charges

On 24 October, the Court of Appeal handed down judgment in Avon Ground Rents Limited v.

Continue reading Israel Moskovitz loses appeal on right to charge £36 a pop for collecting his ground rents at Leasehold Knowledge Partnership.

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