LPG Tank between 2 houses?

footyguy

J_B wrote: »

Offer accepted on both cottages within 2 weeks of putting them on the market


....

You only started this thread 3 days ago.

Did you explain the situation to those offering to purchase? Did they understand?
An offer may not result in a purchase, particularly if they uncover something untowards having spent out money on surveys, etc.

Good luck!

J_B

footyguy wrote: »

You only started this thread 3 days ago.

Indeed - just trying to pre-empt any problems and if only someone would say ... 'we've done this' ... then that might give us some pointers, sadly like many things, it hasn't (yet?) worked out that way!

footyguy wrote: »

Did you explain the situation to those offering to purchase? Did they understand?

Well, it says in the particulars for No1 - "LPG gas fired central heating (shared tank with No. 2 on a metered supply)"
and for No2 - "LPG gas fired central heating (shared tank with No.1 on a metered supply)"

Whether they understand or not, I don't know.
Just hope that they don't read this thread, they *may* run a mile!!!!

footyguy wrote: »

An offer may not result in a purchase.

I'm fully aware of that - we did have a slightly higher offer, but the feeling all round was that the lower offer was more reliable.
The fat lady certainly isn't singing yet.

footyguy wrote: »

Good luck!

Appreciated!

EachPenny

J_B wrote: »

Indeed - just trying to pre-empt any problems and if only someone would say ... 'we've done this' ... then that might give us some pointers, sadly like many things, it hasn't (yet?) worked out that way!

Could you come back and let us know how it goes please J B, I for one would be very interested to know if all parties can come to an agreement that works.

Fingers crossed for you.

J_B

EachPenny wrote: »

Could you come back and let us know how it goes please J B,.......

Well, just had this, which is a probable solution ...

<<Dear Mr B

We have a number of sites with similar situations. The most simple option is to install a meter on the second property . The gas in the tank remains the gas supplying companies, who will charge the individual properties for their actual usage, pence per litre.

Both properties will need to be free from contract with your existing LPG supplier who would be prepared to make the changes at a cost.

My company would be happy to quote following property assessment.

Kind regards>>

No names needed yet ... will see how it pans out .....

feeling slightly more relaxed now!

EachPenny

J_B wrote: »

We have a number of sites with similar situations. The most simple option is to install a meter on the second property . The gas in the tank remains the gas supplying companies, who will charge the individual properties for their actual usage, pence per litre.

That's a useful response. But presumably the tank itself will remain the property on one householder and an agreement will be needed between them to cover who pays for repairs and maintenance, and what happens if the tank owner decides to get rid of it.

To avoid future problems the agreement should also set out what would happen if the basis of supply changed - it might be a supplier in the future couldn't do the separate billing arrangement. Although that isn't your problem as such, it should be something the solicitors for one or both of the purchasers spot and insist upon. It is in your interests this doesn't happen at the 11th hour.

Progress though

G_M

J_B wrote: »

Well, just had this, which is a probable solution ...

<<Dear Mr B

We have a number of sites with similar situations. The most simple option is to install a meter on the second property . The gas in the tank remains the gas supplying companies, who will charge the individual properties for their actual usage, pence per litre.

Both properties will need to be free from contract with your existing LPG supplier who would be prepared to make the changes at a cost.

My company would be happy to quote following property assessment.

Kind regards>>

No names needed yet ... will see how it pans out .....

feeling slightly more relaxed now!

Certainly worth exploring this option, though as EachPenny says, you'd need to lay out some clear legal boundaries/responsibilities.

It also ties you to one supplier who can effectively charge what they like, and also choose when to top up the tank eg when prices have risen rather than dropped etc

J_B

G_M wrote: »

It also ties you to one supplier who can effectively charge what they like, and also choose when to top up the tank eg when prices have risen rather than dropped etc

;) As the vendor, this needn't concern me :o:o

I have a duty of care to look after my purchasers, don't I?

J_B

EachPenny wrote: »

Could you come back and let us know how it goes please J B, I for one would be very interested to know if all parties can come to an agreement that works.

Fingers crossed for you.

Well, all is going well currently.

We have completed on the one cottage and exchanged on t'other (with completion planned for 1st Sept.

We've signed the contracts with the gas company, although they are yet to fit a meter to the 2nd property (which we still own)