A mate of mine lives in a leasehold flat. The management company appears to have disappeared into the blue yonder with everyone denying all knowledge of it's existance.
The freehold has recently been bought by a new owner who seems good as gold, the old one was a complete waste of space by all accounts.
My question is who is responsible for organising buildings insurance?
The flat owners have not paid any maintenance for the last year as no maintenance was being done and now everyone (including the solicitors to who they were supposed to pay the cheque) deny all knowledge of the mgt company. So they have a concern that there is no buildings insurance in place.
My experience has always been that the Mgt Co sort out buildings insurance but in a case like this where it has gone AWOL who's responsibility is it to sort things out , the Freeholder or the leaseholders?
Any views
The freehold has recently been bought by a new owner who seems good as gold, the old one was a complete waste of space by all accounts.
My question is who is responsible for organising buildings insurance?
The flat owners have not paid any maintenance for the last year as no maintenance was being done and now everyone (including the solicitors to who they were supposed to pay the cheque) deny all knowledge of the mgt company. So they have a concern that there is no buildings insurance in place.
My experience has always been that the Mgt Co sort out buildings insurance but in a case like this where it has gone AWOL who's responsibility is it to sort things out , the Freeholder or the leaseholders?
Any views