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Pepys Street NewsLast updated: 13 December 2008 New Item Redevelopment of 10 Trinity Square Thomas Enterprises Inc, the new owners of 10 Trinity Square, are planning to create a high class hotel with a small number of hotel-affiliated residential serviced apartments. This historic building was originally the headquarters of the Port of London Authority. For full details of the plans and to see how they will affect 1 Pepys Street, go to their website 10trinity.com. Have you checked your seals recently? There have been a number of water leaks in the block caused by leaking bath/shower seals that are letting water seep beneath the floor tiles in bathrooms. See here for further details. Change of Landlord Chaingold and Galliard Homes no longer have any financial interest in 1 Pepys Street having recently sold the Leasehold to Parkbrace Limited. Parkbrace Limited is now the new head lessee for 1 Pepys Street and is therefore the effective landlord. See Landlord and Ground Rent for further details. Energy Performance Certificate If you are planning to rent your flat at 1 Pepys Street after the 1 October 2008 you will be required by law to obtain an Energy Performance Certificate. This only applies if you have a new tenant on or after that date. See here for further details. Construction of City Inn Hotel Demolition by Expanded of the old Mariner House is almost complete and Laing O'Rourke are due to commence the build of the new 584 bedroom hotel on 24 November. The planned time scale for the build can be seen here. In the event of any problems being caused to residents during the build, the following representative of Laing O'Rourke can be contacted during site operating times:
Site operating hours are:
The latest News Bulletin from Laing O'Rourke can be downloaded here. New lighting in lifts Those of you who either live at 1 Pepys Street or frequently visit will have noticed that the lights in the lifts have been far from satisfactory for a long time with the bulbs frequently needing replacement. Very often the lifts were left with just one or two bulbs working before the lift engineer came to replace them, which made the lifts very gloomy. The Directors therefore decided to have them replaced with a modern LED system which does not generate heat and also lasts for many years. This work has now been completed and provides the lifts with a much better quality of light. Are high Agent Renewal Fees eating into your Profit? The Office of Fair Trading (OFT) has launched high court proceedings against estate agency firm Foxtons over 'unfair terms' in the company's lettings agreements with landlords. The watchdog said it was taking action against the London-based firm after receiving complaints from consumers. Terms in the agreements allow the agent to ask landlords to pay substantial commission after the initial fixed period of the tenancy has expired, even if Foxtons has had no part in persuading the tenant to stay and no longer manages the property. The terms of the contract state that even after a landlord has sold a property they can still be liable to pay Foxtons, and if the landlord decides to sell the property to the tenant the agent demands commission, even if it has not negotiated the sale. The OFT is seeking a declaration from the court on whether the terms breach the unfair terms in consumer contract and an injunction against Foxtons to prevent it using the terms in future. It said it was aware of similar terms being used by other letting agents, and that if the court action was successful it would lead to a crackdown on other contracts. This ruling will affect all estate agents and the renewal fees they are charging. If you are being charged the same rate for a renewal then you are likely to be able to avoid this cost, which can run into a few thousand pounds every year. Even if you have signed Terms and Conditions which include this renewal clause, you are not obliged to pay it pending this ruling. If you are unsure or would like to discuss your individual case email John Walsh at john@walshbros.co.uk Read more at The Office of Fair Trading website. Service Charge Expenditure 2007 The Statement of Service Charge Expenditure for 2007 is now available. As the year was split between the old management company (One Pepys Street Management Company Limited) and the new RTM company (Pepys Street RTM Company Limited) there are two separate accounts as follows: 1PSMC and RTM. Decoration and Carpets Update The redecoration of all common parts within the property has now been completed and provides a cleaner and fresher look. New carpets on floors 1 to 8 have also been fitted as well as new flooring inside the pasenger lifts. See the News Archive for further details. Having now obtained the final accounts for 2007 there will be sufficient in the reserve fund to cover the cost of the decoration and new carpets. Hot Water Tanks in Flats - Annual Maintenance There are still some hot water tanks that require attention since we continue to have water dripping from the effluent pipes in the car park area. If you haven't had yours attended to yet it is strongly advised that you do so as soon as possible. See here for further details. To read the above documents you will need Adobe Reader which can be downloaded free here. See the News Archive pages for older items.
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