A Shade Greener solar panels

Petriix

Batteries are still a marginal decision depending on usage. For those of us on Intelligent Octopus Go, we can export at 15p and import at 7p. Even without a battery I can get 80% of my electricity at the cheap rate.

I could maybe save up to £50 per month with a battery. However, £4k in the bank would be earning at least £15 per month interest. So it's about 12 years to break even. Who knows whether currently available batteries would still be good after that period.

Of course things change so it's worth reassessing periodically but it's far from being a no-brainer as implied above. 

eddddy

GT732 said:

It would be difficult to prove that I personally was responsible for the breach when the breach happened 6 years prior to my ownership. Whilst the lease does get passed on to the new owner, it is punitive and unfair to take action against me when I wasn't the one that breached the terms. Any good solicitor would get that thrown out. 

No - a good solicitor solicitor couldn't get that thrown out.

If you buy the property, you become ASG's landlord and you take over all the landlord's rights and responsibilities as documented in the lease.

A tenant (like ASG) doesn't lose any of their rights under the lease, just because there's a change of landlord.


It's not a case of it being "punitive and unfair" on you as the new landlord, it's a case of you doing the work to identify any breaches before bidding to become the new landlord.


That's one reason why  conveyancing solicitors charge more for leasehold transactions - there's more investigation to do to look for breaches of leases etc.

badmemory

I will admit to being a total amateur at this.  But the way I look at it ASG are rubbing their hands in glee.  Are they looking at it from the angle - thank goodness we will start earning from this again - let us help so they will be encouraged to bid.  Or are they looking at it from the point of view that they couldn't get the previous owner paying up or sorting it out so we will get it from the new one, just don't let him know how much he is in for.