Retirement

Law Commission

Law Commission draft report on exit fees has been rejected by both Carlex and AgeUK. The Law Commission, which was tasked with this job following scandals in retirement housing, is seeking to allow huge exit fees (30%) to assist some retirement housebuilders. Both Sir Peter Bottomley and Jim Fitzpatrick informed the Law Commissioner Stephen Lewis that this was a "step backwards" from the OFT report saying exit fees were "likely to be an unfair contract term". Report to follow

Another fire death

A 90-year-old resident of Homepine House, in Folkestone, died in a fire on Saturday night. This week sees the court ruling on FirstPort concerning the fire at Gibson Court, Hinchley Wood, Surrey, in 2011. Report here: http://www.carlex.org.uk/man-90-dies-fire-homepine-house/

Updates from

Leasehold Knowledge Partnership

Keeping the wolves from your door

In the 11/14/2016 edition:

Carlex and AgeUK reject Law Commission draft on exit fees

Carlex and AgeUK reject Law Commission draft on exit fees

By admin on Nov 14, 2016 01:32 pm

Law Commission backs developers over huge exit fees, and dumps OFT qualms over ‘likely’ unfair contract terms What began as an exercise supposedly to help pensioners and their families facing exit fees in retirement properties has ended up with the Law Commission backing the charges. The Law Commissioner Stephen Lewis met Carlex / LKP last […]

The post Carlex and AgeUK reject Law Commission draft on exit fees appeared first on Leasehold Knowledge Partnership.

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