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Hit a snag on purchase of ex-council flat in Islington

2»

Comments

  • phill99
    phill99 Posts: 9,093 Forumite
    Part of the Furniture 1,000 Posts
    abankerbutnotafatcat wrote: »
    The difference is that this is a leasehold whereas if it's a freehold you still own the land. Hence why I asked what the lease says? It may be that the freeholder i.e. LBI is obliged to reinstate or compensate if they don't.

    Then surely it would be more appropriate to have a reinstatement clause in the lease, to ensure that the council are duty bound to rebuild.
    Eat vegetables and fear no creditors, rather than eat duck and hide.
  • Richard_Webster
    Richard_Webster Posts: 7,646 Forumite
    Part of the Furniture 1,000 Posts Combo Breaker
    I don't know what TimmyT and any others - Jeffrey Shaw(?) - think but I'm inclined to think this solicitor is being over fussy.
    RICHARD WEBSTER

    As a retired conveyancing solicitor I believe the information given in the post to be useful assuming any properties concerned are in England/Wales but I accept no liability for it.
  • abankerbutnotafatcat
    abankerbutnotafatcat Posts: 1,161 Forumite
    Part of the Furniture 1,000 Posts Name Dropper Combo Breaker
    phill99 wrote: »
    Then surely it would be more appropriate to have a reinstatement clause in the lease, to ensure that the council are duty bound to rebuild.

    That's what I said. How does the lease handle that situation?
  • jmd4211
    jmd4211 Posts: 52 Forumite
    Does anyone with any knowledge of the workings of councils have any idea how long they may take to have a look at this request to amend the lease? The wait is killing me!
This discussion has been closed.
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