“Freehold Managers PLC collect ground rent for landowners of a ......”
1 Star Review
May 24,2016
By:
'AG.Postbag'
May 24,2016
Branch: London, Butlers Wharf Building 36 Shad Thames
Services: They manage our estate
Would you recommend?: No
Postcode: DE14
Branch: London, Butlers Wharf Building 36 Shad Thames
They manage our estate
Postcode: DE14
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Freehold Managers PLC collect ground rent for landowners of a housing development in Burton on Trent ( and many others no doubt) in which I have a long-lease flat. The Lease agreement allows for the ground rent to be increased after 10 yrs of development completion. FM PLC have admitted FORGETTING to review this, and as such did not increase charges.
They have now retrospectively reviewed, and are sending out back-dated demands for ground rent. They are clearly not prepared to take the hit for their mistake, as their landowner clients will no doubt be suing them for loss of earnings, so they are chasing back dated fees with menacing letters including threats of accumulating admin charges etc. A scandalous business model that would be laughed out of court in any other industry. NOT IMPRESSED
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