Course description
Affordability and escalating costs are at the forefront of conversations., especially in the context of rising mortgage costs.
This virtual classroom seminar takes a look at understanding leasehold finances and the different liabilities that might arise during ownership of a leasehold flat. The session will assist in identifying the key risks for those advising on a purchase, as well as spotting potential issues that might arise on behalf of a seller.
It is presented by Mari Knowles of Commonhold and Leasehold Experts Limited, who has many years of experience and regularly presents training on this subject.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Affordability and escalating costs are at the forefront of conversations., especially in the context of rising mortgage costs.
This virtual classroom seminar takes a look at understanding leasehold finances and the different liabilities that might arise during ownership of a leasehold flat.
The session will assist in identifying the key risks for those advising on a purchase, as well as spotting potential issues that might arise on behalf of a seller.
What You Will Learn
This live and interactive session will cover the following:
- Service charges: the basics
- The service charge framework
- Major works projects
- Reserve/sinking funds
- Building safety costs
- Future costs
- Understanding year end accounts
- Understanding the LPE1 pack information to calculate the total service charge liability
- Assessing the potential risks for a buyer
- Negotiating retentions during a conveyance
- Contractual obligations during a conveyance
- Dealing with seller arrears
- Troubleshooting after completion
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...