Division of repair expenses in managed property

nohassles

eddddy said:

It sounds like you are unhappy with that arrangement. But unfortunately, you agreed to them when you bought the lease.

I'm not sure what made you jump to that conclusion. I was merely asking for advice, which you gave and I am grateful for.

eddddy said:

Unfortunately, the bottom line is that you shouldn't have bought the lease, if you didn't like the terms of the lease.

Well, I bought the flat which came with a lease, I didn't go lease-hunting and decide this was the one I wanted. As a first-time buyer I was not in a position be prioritising lease terms in my purchase decision, but it's moot anyway as it is based on your assumption that I'm unhappy with the lease.

NameUnavailable

nohassles said:

eddddy said:

It sounds like you are unhappy with that arrangement. But unfortunately, you agreed to them when you bought the lease.

I'm not sure what made you jump to that conclusion. I was merely asking for advice, which you gave and I am grateful for.

eddddy said:

Unfortunately, the bottom line is that you shouldn't have bought the lease, if you didn't like the terms of the lease.

Well, I bought the flat which came with a lease, I didn't go lease-hunting and decide this was the one I wanted. As a first-time buyer I was not in a position be prioritising lease terms in my purchase decision, but it's moot anyway as it is based on your assumption that I'm unhappy with the lease.

This is so important but something that is almost always misunderstood or overlooked. If property sales were covered by FSA regulation there would be huge claims for mis-selling!

You didn't buy a flat. You bought a lease. The lease is a long term rental agreement and you are buying into whatever the lease states that you can or can't do or are responsible for.

Some people buy a lease only to find out later on that they can't rent the property to another party, or can't keep a pet etc. These things SHOULD be pointed out by the solicitors when purchasing but apparently aren't always.

Anyone buying a leasehold property should understand that the lease is what they're buying, not the property. Reading the small print before committing is vital.