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Old 09-08-2014, 00:58   #4
MovedGoalPosts
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Re: Installing new cable service in apartment block

You probably aren't going to get very far if the current managing agents / freeholder see this as a cash cow. Add to that another party having ownership rights and you are into a world of pain. If there are a minoroity of flat owners interested in the upgrade it won't be worth the effort.

As leaseholders you may have rights to grab control of your block. You can go for self management, but that won't resolve land ownership and the freeholder / third party rights to demand fees for wayleaves. You could club together to buy the freehold, but that takes a lot of time and money. All need a minimum number of participants. see lease-advice.org.

Fundamentally you are screwed.

Quote:
Originally Posted by Horizon View Post
If you all sign a letter, be polite but firm, stating that your broadband services are not up to scratch, this should send a chill down the landlord's spine.... To risk losing 36 lots of rent is a big deal and besides if they had to get new tenants, the first thing anyone new would ask for is fast broadband. If they don't provide it, they risk devaluing their property which can be as much as 20% these days.
I think you are confusing shorter term 6-12 months lettings, and long leasehold property owner interests. The Freeholder in a vast majority of cases already had their money on long leasehold (unless those leases were granted many years ago perhaps only on 99 year terms so are now shortening and perhaps due for extension). So the Freeholder, for whom the agents no doubt act, has little interest in broadband and the ground rent he receives (possibly only a few hundred from all flats combined) is due regardless.
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