Definitions

definitions image Sinking fund

The sinking fund refers to the money that is collected specifically to cover the cost of any potential major works such as a new roof, replacement lift etc.

Service charge

Services charges are charged by landlords to recover the costs that they incur in providing services to a building such as maintaining, repairing, or cleaning.

Section 146 notice

A leaseholder who breaches their lease could face legal action from their landlord. Action could include the landlord seeking a county court judgement, approaching the leaseholder’s mortgage company and ultimately forfeiture of the lease and repossession of the house or flat. It is not possible to obtain possession without a court order. This process is usually started by the service of a notice under section 146 of the Law of Property Act 1925. The Section 146 notice is the start of taking possession.

Term

The period of time for which a lease is granted.

Tribunal

A body that is established to determine legal disputes, for example, between a resident and their landlord. In the context of leasehold properties, this will be the First-tier Tribunal in England.

Covenant

A written agreement inserted into the deeds or any other legal contract.

Contact information

If you would like to contact Axiom Housing Association please call our Customer Services team on 01733 347135.
Alternatively, email us at: enquiries@axiomha.org.uk, fax a message on 01733 295520 or send a text message to 07799 760764.
Opening hours: Monday to Thursday, 8.30am to 5pm, Friday, 8.30am to 4.30pm. For emergency repairs out of hours call our 24-7 freephone* 0800 585 699.
Axiom House, Cottesmore Close, Netherton, Peterborough, PE3 9TP.
*please note that calls to this number are not free when calling from a mobile phone