lawfulintrigue

Thanks one and all for your input. Spoken to the lady and advocate confirmed no contract and no compensation. The only person with some money out of this is the advocate :). Hope you all have a good Christmas and I hope the lady finds her new home in the New Year with less stress.

Will do but info was told at 5.30pm outside office hours and thought I would ask for some friendly opinions before tomorrow, thank you all

Oh kevster what words of wisdom, if an advocate is in use regarding the property sale they will also be asked the same question but the info was given at 5.30pm, outside the advocates working hours and felt I could ask for 'friendly opinions' before chatting to advocate tomorrow.

Apparently the seller was leaving furniture and the buyer has sold her furniture due this agreement and due to downsizing was also selling items accordingly. She now has to purchase items to stay where she is. This undue pressure on an 80 year old is rather upsetting and trying to understand why it has happened. (I understand it can happen to anyone).

Thanks mad_max, I take on board what you have said and was under a similar understanding but feel the situation should have certain clauses over a set length of time to protect both seller and buyer, maybe laws will change.

Thanks wrighty, as far as I know no contracts have exchanged but as one says 'gentleman's' agreement that has been going through the process for 3 months and advocate stating delay was the searches. One can only wonder if all searches had been done quicker would the sale have been confirmed?

Thanks quilp, I may know more tomorrow.

An offer, once made on a property and where advocacy has been duly instructed by both parties, whereby a ‘memorandum of sale’ has been created, shall, at that point, become a legally binding contract between the buyer and seller? Therefore, if either party of a sale/purchase decides to retract from the process for whatsoever reason, they (the retracting party) shall become fiscally responsible for legal costs (advocacy & conveyance fees) of the other party, incurred at the point of retraction. An elderly lady is in this situation and expected to be in a new home at Christmas was given the devastating news that the seller had withdrawn, via the estate agent. Where does she stand on emotional compensation and advocate fees already paid etc? No reason has been given for retraction.

Agree "Devon Watson believes teachers have put up with pay erosion out of their sense of duty, but says that won't pay their mortgage". Lots of people are struggling to pay mortgages. I have been in education for many years (UK and IOM), now retired thankfully out of this situation of electronic teaching and very few hands on teaching methods. Like any areas of employment there are some very dedicated but others who ride the system and shout the loudest for more money. Duty! to whom? A duty of care to children's education or a duty of care to themselves?

Yes 2112 I agree.Have they heard of ZOOM, or something similar, no need to fly off somewhere. If the layperson can see the logic of sorting vacant houses surely they can Also the new developments around the island should be more geared to 'affordable' houses and more 2 or 3 bedroomed houses not the large detached 5 or 6 bedroomed houses. Just a throw in about housing in Peel first time buyers , they were due to be finished May 2022 and not completed as yet BUT the 3/5 bedroom private houses have been built first (and occupied) and first time buyers who were accepted in May paying out more rent as they wait. Disgusting. Government should spend more time and money here not flying off.

Thanks John, it was a general question regarding ground rent and as all leases are not the same they will have to be checked accordingly. finlo thanks for the input but not sure the relevance of king and Queens court, is there something in particular you wish to add to my question?

Thanks John for the information on Isle of Man ground rent and it's history. A large complex on Isle of Man (apartments) increased the ground rent on the last Service Charge and I wondered why, as it hasn't changed for a number of years. Also, would it increase every 6 months? The management company have been asked but no answer as yet and thought I would put the question to the people on the forum.

Does the amount of Ground Rent change each year? Does anyone know if Isle of Man will follow UK regarding:- From 30 June 2022, Ground Rent will be abolished when the Leasehold Reform (Ground Rent) Act 2022 comes into force. How will this affect leaseholders?

Unfortunately with any highly qualified mental health and social services team the breakdown is in networking and communication. If someone is supported by either team there appears to be a lack of co-ordination and if someone is on holiday or off ill the individual in the 'system' is somehow forgotten and a lot can happen in an hour never mind weeks.

Just asking for feedback from locals regarding any problems that have arisen going over the tram lines. If there has beeen minor issues then what is point of reviewing signage? As previously stated time and money could be spent better elsewhere.