ALL LEASEHOLDERS ON THE ESTATE ARE REQUIRED BY LAW TO OBSERVE THE CONDITIONS OF THE LEASE. Failure to do so will mean that the Certificate necessary to allow the property to change hands cannot be issued and it will be impossible to register any change of ownership at the Land Registry.
Pay service charge
Maintain their property in good and substantial repair including windows and window frames. [Painting] is required to be completed every 4 years
Notify the management company of any change of ownership
Not make any structural alterations to the property
Not erect any TV aerial or other antennae
Not hang out or display washing from any of the flats
Not to leave furniture, BBQs etc outside on the grounds
Not play radios or other apparatus in the grounds
Not play games in the grounds which may cause annoyance to others on the estate
Not cause annoyance or disturbance to any other lessee or occupier
Lessees have the right to draw water from the standpipes in the garage forecourts. This water is metered and paid for by TGML and charged to the owners through the service charge.
Please Note: If you install double-glazing without seeking the consent or advice of the Management Company or you let out your garage separately from your flat or maisonette you are in breach of the lease. It is important that the style and look of the windows used on the estate are kept closely consistent with the original fitments and configuration.
Teddington Grange Management Ltd are obliged under the terms of the lease to:
Maintain the gardens and grounds for the benefit of the lessees as a whole
Maintain the lighting system to the grounds, garage blocks and staircases of the one bedroom flats
Maintain the structure of the one bedroom blocks and keep in good order and substantial repair, together with the decorations of the common parts of both exterior and the interior
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 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 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.
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.
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 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.
The charges are reviewed every year and adjusted according to the expected expenditures. The Directors produce a budget for the coming year to set next year's 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 the Lease).
NB. January 2021 Government announcment. With the proposed new laws concerning lease extensions, it seems sensible to look at the implications before proceeding with any extensions without taking expert advice on the changes due when passed into law. (TGML are unable to give specific advice on the changes)
The original term of the lease on all Teddington Grange properties was 99 years from the time they were released for sale. As the remaining term decreases the property becomes more difficult to sell. Mortgage Lenders prefer longer leases as security.
Although lease terms and their negotiations are not the responsibility of the Management Company the following information has been included for information only.
If you wish to extend your original lease term you can either contact the Lessor directly or you could seek advice from Sadia Patankar of Perry Hay & Co who has experience in dealing with the Lessor.
Perry Hay & Co (Solicitors and Mediators)
25 The Green
Richmond. TW9 1LY
Telephone: (020) 8332 7532 Web: http://www.perryhay.co.uk/
Alternatively contact the freeholder, Peppercorn Property Investments Ltd, who can be reached on 020 8451 7672.