June 24, 2017

‘Curtains for exit and sublet fees’ by Law Commission … but not until March 2017

Leasehold exit and sublet fees have been referred to the Law Commission, which will almost certainly be the end of them. This means anyone selling or renting out a retirement or non-retirement flat should keep all documentation with a view to making a claim in two and half years time.

McCarthy and Stone reform sublet fees after discussions with Carlex

Following discussions with Carlex, McCarthy and Stone is dropping the one per cent contingency fund contribution that has to be paid every time a flat is rented out. It is replacing the sublet fees, which are a percentage of either the purchase price or market value of a flat, with a one-off payment of £80 plus […]