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  • Landlords in Distress

    Registering purchase

    I purchased a flat in a block 7 years ago at auction and it was all very rushed to get the paperwork in. Recently I did a search on the block of the prices paid for flats within and it doesn't show the price I paid for it but the previous registered owner.

    I have checked at Land registry and the confirm I am the proprietor, the price I paid etc. But in Zoopla etc it shows the previous vendors price. I believe now that I may have forgotten to send bak a membership form back to managing agent at the time who would have registered my purchase and transfer any share.

    My question is: the managing agent (in charge for upkeep on behalf of freeholder) is different now, can I ask them to register me and update members list or can I send it to original? Is this a simple admin entry that can be done?

    Could this prevent me selling in the future should I want to?
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    I don't think its a "management" issue; its down to your conveyancer to ensure the Title is updated - its actually quite a common oversight by conveyancers.

    We see it every now and then; contact the solicitor that did this for you and notify them!
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    (22-07-2014 05:28 PM)Adam Hosker Wrote:  I don't think its a "management" issue; its down to your conveyancer to ensure the Title is updated - its actually quite a common oversight by conveyancers.

    We see it every now and then; contact the solicitor that did this for you and notify them!

    Solicitor at the time had sent me the form to fill in and mail it to management company at the time or offered to forward to them.

    I phoned them earlier and they say they don't deal with this area anymore, original solicitor has moved on. My managing agent has changed now so would it be sent to them or the original.

    (22-07-2014 06:19 PM)dsns Wrote:  I am a bit bemused as to why you care. The land registry are the people who actually register title. You say that they have registered you properly. Zoopla are nothing more than a google for property. Is it that important whether or not they show you as the owner?
    If it is I am sure Zoopla will be happy to correct their entry. Accurate info is their game after all

    If I'm honest I haven't cared but it got me thinking for some reason. At LR it states I'm the proprietor, my mortgage on charges, the amount etc...

    I suppose I am just after some assurance that if I am not register of members and don't have share certificate, then it won't hamper any future sale.
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    I am a bit bemused as to why you care. The land registry are the people who actually register title. You say that they have registered you properly. Zoopla are nothing more than a google for property. Is it that important whether or not they show you as the owner?
    If it is I am sure Zoopla will be happy to correct their entry. Accurate info is their game after all
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    David Smith
    Landlord & Tenant Solicitor
    Anthony Gold Solicitors

    Find me on LinkedIn: uk.linkedin.com/in/dsnsmith

    All opinions are my own and do not reflect those of my firm. No comment made should be taken as legal advice and you should consult a solicitor or other legal professional for advice on your specific situation.
    Right now I get it. You are concerned about your share ownership of the freehold company. Yes you need to sort this out. Yes it can be done after the fact. Get in touch with the management company. You will need to sign a share transfer certificate with the previous owner to sort this out
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    David Smith
    Landlord & Tenant Solicitor
    Anthony Gold Solicitors

    Find me on LinkedIn: uk.linkedin.com/in/dsnsmith

    All opinions are my own and do not reflect those of my firm. No comment made should be taken as legal advice and you should consult a solicitor or other legal professional for advice on your specific situation.
    (22-07-2014 07:31 PM)dsns Wrote:  Right now I get it. You are concerned about your share ownership of the freehold company. Yes you need to sort this out. Yes it can be done after the fact. Get in touch with the management company. You will need to sign a share transfer certificate with the previous owner to sort this out

    That's good to know. It essentially it gives us a vote at any meeting. I will check my lease.

    Do I get in touch with old managing company at time of transaction or speak to the existing one first and then take it from there.

    What if the current management company (the one managing the block on behalf of freeholder) doesn't know where the previous owner is. I bought it on auction, so I presume previous vendors lender put it on sale?
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    You should contact the current management company. It is probably the case that the lease or the freehold company memorandum and articles of association will specify that all leaseholders must hold a share in the freehold company. The best solution is for an AGM to be held and a share to be created and issued to you
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    David Smith
    Landlord & Tenant Solicitor
    Anthony Gold Solicitors

    Find me on LinkedIn: uk.linkedin.com/in/dsnsmith

    All opinions are my own and do not reflect those of my firm. No comment made should be taken as legal advice and you should consult a solicitor or other legal professional for advice on your specific situation.