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leasehole maisonette - solicitor enquiries
hells_bells
Posts: 88 Forumite
Hi there,
We are buying a leasehold maisonette and their are 3 other maisonettes in the same building. Our solicitor has asked the seller/ seller's solicitors to see copies of the building insurances from the other maisonette owners. I know the solicitor wants this done but I am concerned this is going to take so long. One of the maisonettes is rented and I can see people receiving their letters from the solicitors and just leaving it on the side and forgetting about it.
Can anyone help me or advise me.
We are buying a leasehold maisonette and their are 3 other maisonettes in the same building. Our solicitor has asked the seller/ seller's solicitors to see copies of the building insurances from the other maisonette owners. I know the solicitor wants this done but I am concerned this is going to take so long. One of the maisonettes is rented and I can see people receiving their letters from the solicitors and just leaving it on the side and forgetting about it.
Can anyone help me or advise me.
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Comments
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Who is the freeholder for the block? They should be insuring the building as a whole.
Individual leaseholders should only need contents insurance for their own properties.0 -
I am not sure who the freeholder is, there is no service charge and only a peppercorn ground rent.0
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hells_bells wrote: »I am not sure who the freeholder is, there is no service charge and only a peppercorn ground rent.
As mentioned above the freeholder insures the building and the leaseholder pays their share.0 -
but there is no service chare and a peppercorn ground rent so how do we pay our share? As far as I know there is no building insurance and all four maisonettes have to have separate buildings insurances each. There are no communal areas.0
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If it's a leasehold then there must be a freeholder, it's probably going to be one of the flat owners, which one? If there truly is no building insurance then you are taking a huge risk. A 'Right to Manage' company may be the way to go.0
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You are all essentially sharing the same roof. A fire from an upstairs maisonette could effect other properties in the block.
There has to be an overall buildings policy in place somewhere and you solicitor is right in asking for the proof of the policy.0 -
Jack_Johnson_the_acorn wrote: »As mentioned above the freeholder insures the building and the leaseholder pays their share.
In most cases you are correct. But there are numerous cases in the UK where the lease is silent on insurance and its up to individual leaseholders to insure their own flat.Eat vegetables and fear no creditors, rather than eat duck and hide.0 -
What did the other residents/leaseholders say when you spoke to them? Or did you not know to ask about insurance at the time of your visits?
You have knocked on all their doors for a chat haven't you.........?0
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