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Section 20 Leasehold Works - How long to pay?
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Brightfox78
Posts: 16 Forumite
After the section 20 consultation period ends. Broadly speaking, how long am i likely to be given to pay my contribution towards the works, is anyone able to quantify the period of grace ?
My proportion is about £20,000. Are they likely to give a couple of months or even longer? Would the management company start adding late payment fees or other charges if not paid straight away?
My proportion is about £20,000. Are they likely to give a couple of months or even longer? Would the management company start adding late payment fees or other charges if not paid straight away?
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Comments
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They will usually request payment once it's decided which contractor is being used, at the end of the consultation period.Some freeholders/MA's will agree a period of notice but others won't. You need to check with your freeholder/MA what their intentions are. They won't usually commence works until everyone has paid.One exception is local authority landlords who do often agree payment plans for major works.0
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