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Landlordism defeated in Docklands and Healey Court, Warwick
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The best news last week was the Upper Tribunal decision to refuse to block a court appointed manager at the prime Canary Riverside site in London’s Docklands.
 
Full article here:  http://www.leaseholdknowledge.com/john-christodoulou-minions-get-boot-canary-riverside
 
The legal team of the freeholder John Christodoulou, of the Yianis Group, used every stratagem to try to thwart the First Tier Tribunal decision, including a last ditch request to stay the appointment for seven days pending a judicial review. That, too, failed.
 
As a result, Alan Coates, former MD of HML Andertons, an LKP accredited managing agent, has taken over management of the site that has a five-star hotel, elaborate gym and other commercial premises.
 
Mr Coates, a property management veteran, has repeatedly and freely given advice to leaseholders of all incomes who have contacted LKP. These include many where there has been absolutely no prospect of commercial gain. Canary Riverside is very lucky to have him.
 
Curiously, LKP patron MPs Sir Peter Bottomley and Jim Fitzpatrick also visited the DCLG last week, to ensure the amendment to the Housing and Planning Act 2016 regarding recognised tenants’ associations is not neutered by the sector.
 
In May 2014, Mr Christodoulou spent £74,500 for an afternoon in the First Tier Tribunal to frustrate the formation of a recognised tenants’ association (the legal term for a residents’ association). This was at his remaining prime Docklands site West India Quay, and was reported here
 
The money went on a QC and assorted professional witnesses, but it, too, failed.
 
A recognised tenants' association has one important power: to appoint a surveyor to examine the books.

There were alarming features to both disputes: lawyers deployed by the freeholder alleged defamation against individual homeowners involved.
 
This was referenced in the Upper Tribunal on Friday at Canary Riverside, where it appears more than 100 members of the residents’ association received solicitors’ letter claiming defamation.
 
The other point is that the leaseholders at Canary Riverside had their case delayed by months because their property manager – whose firm was unsparingly criticised in the FTT ruling – said he needed to attend the trade show at MIPIM in Cannes.
 
The freeholder, on the other hand, got an FTT ruling, an FTT appeal hearing and an Upper Tribunal appeal in the space of two weeks in September.
 
Why do the wheels of justice grind so slowly for leaseholders, yet spin so fast for freeholders and their expensive legal teams?

Retirement

Abysmal retirement property resale values revealed in a random selection of properties by seven different developers: McCarthy and Stone, Churchill, Audley, Retirement Villages, Retirement Security, Anchor and Pegasus.
 
The Times reports the story as "Exit fees and poor resale values: the uncomfortable truth about retirement homes"

And McCarthy and Stone responds: http://www.carlex.org.uk/carlex-slanted-retirement-resale-prices-picture-positive-says-mccarthy-stone/

Plus, woman, 81, threatened with the police for upbraiding two middle aged male workmen who were two hours late in painting her windows

And Healey Court, in Warwick, wins its right to manage

John Christodoulou minions get the boot at Canary Riverside



By admin on Oct 01, 2016 10:12 am

– Controversial freeholder loses Docklands jewel – Court-appointed managing agent takes over today – Damning criticisms of ‘failures to manage the properties’ – Revenue streams lost (… Now what about West India Quay which has the same set-up?) Monaco-based freehold owner John Christodoulou failed in the Upper Tribunal yesterday (September 30) to stop a court-appointed […]

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Private Eye reports challenge to ‘scandal’ of lease extension values



By admin on Sep 28, 2016 06:38 pm

Private Eye today published reports of the legal challenge to the “scandal” of lease extension valuations mounted by chartered surveyor James Wyatt. Wyatt, a former head of valuations at John D Wood, is urging the adoption of a more mathematically robust method to value short leases: that is leasehold properties, usually flats, that have less […]

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The Times: ‘Exit fees and poor resale values: the uncomfortable truth about retirement homes’



By admin on Sep 10, 2016 09:50 am

The Times today (September 10 2016) reports the research by Carlex into re-sale values recorded on the Land Registry for retirement properties. The article, headed “Exit fees and poor resale values: the uncomfortable truth about retirement homes”, quotes Carlex / LKP patron Sir Peter Bottomley, who earlier this week established the All Party Parliamentary Group […]

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Oxford council leaseholders each facing £50,000 bills head for the courts



By admin on Sep 09, 2016 01:41 pm

The epic local authority leasehold dispute involving 51 leaseholders of Oxford City Council each owing £50,000 is heading for the courts. Late evidence may be the quality of work to date, with new interiors described as the work of “complete idiots” by leaseholders. Darren Hazell, chairman of the newly-formed Oxford Tower Leaseholders Association, told the […]

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Land Registry sell-off is shelved (for the moment)



By admin on Sep 09, 2016 10:30 am

The astonishing proposal to sell off the Land Registry has been removed from government legislation as it ponders responses to the idea. The £1 billion sale was part of George Osborne’s efforts to balance the books. But it is now under review as reported here in the Guardian The proposal would empower the kind of […]

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LKP meeting with housing minister Gavin Barwell



By admin on Sep 09, 2016 09:47 am

On Tuesday LKP met the new post-Brexit housing minister Gavin Barwell, a Conservative MP representing an urban constituency at last. A former special adviser, Mr Barwell has some experience of leasehold and LKP has reported that his Croydon constituency has had two lease forfeiture cases every year since 2010. The meeting, which included DCLG civil […]

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All Party Parliamentary Group on leasehold and commonhold established today



By admin on Sep 08, 2016 11:20 pm

This morning saw the formation of the new All Party Parliamentary Group on leasehold and commonhold under the joint chairmanship of LKP patron MPs Sir Peter Bottomley and Jim Fitzpatrick. LKP is to provide the secretariat for the APPG. This means that for the first time a rigorous consumer organisation is in a position to […]

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Sir Roger’s quest for the Holy Grail … (or any other metaphor that helps his cosy leasehold world remain the same)



By admin on Sep 08, 2016 11:01 pm

By Martin Boyd Roger Southam, the chairman of the Leasehold Advisory Service, seems to have become a little obsessed with finding the Holy Grail. He mentions it in two of the articles he writes for the magazine News on the Block. In April this year, he explained that leaseholders owning the freehold is “not the […]

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Carlex reveals abysmal retirement housing re-sale values



By admin on Sep 05, 2016 10:51 pm

Carlex examines official re-sale prices for McCarthy and Stone, Churchill Retirement Living, Audley Retirement, Retirement Villages, Retirement Security, Anchor and Pegasus A dismal picture of retirement housing values on re-sales is revealed by Carlex from figures in the Land Registry. For years we have been saying that retirement property can be a most dubious residential […]

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Five right to buy scams that are tricking taxpayers out of millions



By admin on Sep 03, 2016 06:58 pm

… and it includes councils not warning would-be buyers of massive major works bills The government has created a £16 million counter fraud fund to stop right to buy scams. While there are better protections built into the Housing and Planning Bill, it is not clear to what extent this will stop the scammers working […]

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‘Scandalous’ that Duke of Westminster’s wealth comes from leasehold, claims campaigner



By admin on Sep 03, 2016 06:04 pm

The Guardian has published a letter from Nigel Wilkins, of the Campaign for the Abolition of Residential Leasehold, criticising the source of the Duke of Westminster’s wealth. “His massive fortune arose largely from the unfairness of the leasehold system of property tenure, which allows freeholders of large estates to sell long leases on their land […]

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Are half the right to buyers in housing minister’s Croydon constituency on housing benefit?



By admin on Sep 02, 2016 06:17 pm

  Around half the council flats sold under right to buy in the Croydon constituency of housing minister Gavin Barwell were sold to tenants on housing benefit, it is reported. This means that the new owners – who will now be leasehold owners in most cases – are being subsidised by someone else putting up […]

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Recent Articles:

Welcome to Spire View, our commonhold paradise …
Conveyancing Association snubbed over bid to make freeholders join a redress scheme
Two flats a year face forfeiture in constituency of housing minister Gavin Barwell
Tower Hamlets Homes spends thousands to thwart recognised tenants’ association
Mail on Sunday urges right to manage or buy the freehold
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