Hi,
I have lived in my property (a maisonette/flat) for nearly 7 years. The original company who owned the leasehold was a large organisation and their deal was always along the lines of:
if the damage or problem is INTERNAL then it's your responsibilty. If it's external, then it is ours.
About every 4-5 years they do work like paint the outside, repair things, etc... just keep things fresh. I pay around £30 a month to them.
About 2 months ago a new leasehold company took over. The long story short is that they are going to be doing work to the outside but they state:
All residents who own their property will be liable for costs. We estimate it to be £20'000 per property.
Frustratingly, this is just before we have sold our property and due to exchange in about 4-6 weeks. My additional concern is that the buyer pulls out due to the concern of having to pay this money.
One of the residents on the road is fighting it, and I too will of course. It seems a ridiculous sum of money to ask each household to pay. They state they will set up a payment plan.
It also seems really unfair. We have buildings insurance as part of the lease and this apparently doesn't cover any of the work.
Does anyone have any thoughts on this, or knowledge about things like this?
Thanks,
RR
I have lived in my property (a maisonette/flat) for nearly 7 years. The original company who owned the leasehold was a large organisation and their deal was always along the lines of:
if the damage or problem is INTERNAL then it's your responsibilty. If it's external, then it is ours.
About every 4-5 years they do work like paint the outside, repair things, etc... just keep things fresh. I pay around £30 a month to them.
About 2 months ago a new leasehold company took over. The long story short is that they are going to be doing work to the outside but they state:
All residents who own their property will be liable for costs. We estimate it to be £20'000 per property.
Frustratingly, this is just before we have sold our property and due to exchange in about 4-6 weeks. My additional concern is that the buyer pulls out due to the concern of having to pay this money.
One of the residents on the road is fighting it, and I too will of course. It seems a ridiculous sum of money to ask each household to pay. They state they will set up a payment plan.
It also seems really unfair. We have buildings insurance as part of the lease and this apparently doesn't cover any of the work.
Does anyone have any thoughts on this, or knowledge about things like this?
Thanks,
RR