Q&As

In a mixed use development where a party is taking a 999-year lease of part for commercial use and a management company has been formed to service the common parts, etc would it be normal to restrict membership of the management company to the residential leaseholders?

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Published on LexisPSL on 05/04/2018

The following Property Q&A provides comprehensive and up to date legal information covering:

  • In a mixed use development where a party is taking a 999-year lease of part for commercial use and a management company has been formed to service the common parts, etc would it be normal to restrict membership of the management company to the residential leaseholders?

The structure of the:

  1. leasehold interests

  2. service charge accounts

  3. management obligations and composition of management companies

will largely depend on:

  1. the developer’s intentions, whether capital or income receipts, or both

  2. the physical layout of the property

  3. the nature and extent of the services provided to the residential and commercial elements, and the extent of joint or shared services

In principle, it will often be more desirable to have a separate management company for the residential element and ser

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