Buying & Selling

Please note ALL communication should be made to our Managing Agents who will be able to advise vendor's solicitors and answer any questions they may have.

All property on the estate is leasehold. The original term of this lease was 99 years from 1969 but there are a number of leaseholders that have now extended this term. All enquiries regarding the terms of the Lease should be taken up with the Lessors agent Vavasour. See below for contact information.

The lessors

The original Lessors were - as mentioned in the lease - SECOND LAND HOLDINGS LIMITED of 1260 London Road, NORBURY, LONDON 5W16 4EG. In late 1985 the freehold interest in the estate was purchased by PEPPERCORN PROPERTY INVESTMENTS LIMITED of 78, Hanover Road, London, NW1O 3DR.

Ground rent

Ground rent is payable to the Lessors, PEPPERCORN PROPERTY INVESTMENTS LIMITED. All matters relating to the payment of Ground Rents should be directed to the Lessor's Agents, Vavasour Property Consultants, 78 Hanover Road, London, NWI0 3DR. (telephone 020 8451 7672). The amount of ground rent payable and the date of the payments are quoted in Clause 5 of the lease.

Insurance

The building insurance is organised by the freeholder.

Owners of two-bed properties are responsible for payment of their own building insurance of both the main property and the associated garage to the freeholder. For one-bed flat owners the service charge includes all building insurance premiums.

Vavasour Property Consultants have advised us that if you are a pensioner over 65, you can apply to receive a 20% discount on the standard premium rate.

Membership of the management company

As mentioned in the Lease, all Lessees must be a shareholder of the Teddington Grange Management Company. This is affected by the purchase of ONE 'A' Share of a value of £2.00 which would normally be purchased from the vendor of the property. Upon purchase of a property, your solicitor will arrange for a new share certificate for you.

Service charges

Service Charges are levied be the Managers in accordance with the terms of Clause 5 of the lease, and are payable in advance. The total sum due is levied in TWO equal instalments, the first payment being due on the 15th January of each year covering the period 15th January to 14th July. The second payment is due on the 15th July, and covers the period from 15th July to the following 14th January.

Service Charge invoices are sent to each property owner by the managing agent prior to the due date for payment—If you have activated 'My Blockman', these invoices are available on this system.

ANNUAL service charge payments:

	SERVICE CHARGES		2019		2020		2021		2022
	General Service charge: (applicable to all properties)		£850		£850		£850		£TBA
	Additional service charge: (for One-Bedroom Flats)		£900		£900		£900		£TBA
	Totals for year (1-bed):		£1750		£1750		£1750		£
	Totals for year (2-bed and Maisonettes):		£850		£850		£850		£

The above charges are reviewed every year and adjusted according to the expected expenditures. The Directors produce a budget for the coming year to set next years' service charge. A copy of this budget is sent out with the January service charge invoice.

Additional charges are sometimes levied on individual properties to cover any extra collection costs incurred (see Clause 9(vii)(b) of Lease).

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Page last amended: Tue 12 Jan 2021