Conveyencing costs

Fire_Fox

jojoxxx2001 wrote: »

Are local authority leases typically more problematic than other lease types?

As stated "Does your daughter understand all the implications of purchasing a leasehold flat, particularly an ex local authority? Does she understand how much major works can cost if the council is minded to improve the building in a few years?
http://www.lease-advice.org/publications/"

Richard_Webster

Are local authority leases typically more problematic than other lease types?

On average less likely to have real problems - but:

• it is less common for them to have sinking funds for long term works so you can get hit for large bills for major works payable as part of a single year's service charge
• leases tend to be one-size fits all standard format that don't work properly if property isn't your normal council flat with communal stairwells etc

Fire_Fox

And the long leases often permit improvements, not just repairs and maintenance.