Re: Profit from tragedy???

Hi

If you are a Council Tenant you pay into and are funded out of the Housing Revenue Account.

No money into or out of the Rates Money we all pay for.

If you are a Leaseholder, it is your property, even on shared Ownership, you must pay your share.

That is the system.

Re: Profit from tragedy???

If lease holders are held responsible for decisions made by council and architects where will that end ? We are responsible for anything inside our flat absolutely everything. The council is responsible or owner of the building should be responsible for all common areas and everything out side the flat.

We are currently fighting about subsidence here, I'll be damned if we are found to have to pay for the work, it will bankrupt several of the tenants/lease holders.

Re: Profit from tragedy???

Hi

If there is subsidence, it will be paid for by your Insurers.

All leaseholders in blocks of flats share responsibility for the common parts.

That is the law of the land.

Re: Profit from tragedy???

Whatever happened to "Caveat Emptor"?

It's one thing buying into a block of flats, maybe to make a fast buck as we have seen examples of recently.

However, the buyer should make sure he/she understands what leasehold is all about!

If there is high cost maintenance to be done you'll be required to pay your share - and you might have no say in who does the job or how much is spent.

Surprised the Solicitor/Agent did not point out the pitfalls.

Re: Profit from tragedy???

Not so, it's a previous known problem and insurers have backed away at an alarming speed. It's up to the council who own the building and land. A lease holder can't be held responsible for things out side their walls here.

Re: Profit from tragedy???

Hi

I have to disagree.

Leaseholders are responsible.

If it was a previously known problem, your Solicitor should have advised you and extra Insurance should have been taken out.

An Indemnity Payment.

Your claim is against your Solicitor.

Re: Profit from tragedy???

If you lived closer I'd show you my lease it's clearly their responsibility. We aren't allowed to even paint our front doors because the council are responsible.

Doesn't matter what percentage of the flat we own everything inside our walls is ours everything out side theirs. When we had a plumbing problem was quite an argument as it was within the walls but end of it they conceded it was still outside our walls do theirs to fix.

Re: Profit from tragedy???

Hi

Then you have a very unusual lease.

You are very fortunate to have such a lease.

Good Luck to you for having one.

Re: Profit from tragedy???

It's standard council lease for this area swim. I can't speak for other councils but both Surrey and Woking borough have the same standard lease.