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  • It's long term rental, but it's not ultra-stable. Fall behind on the monthly rent and they will take your flat or house off you, and you lose your capital investment as well as your home. Then you're homeless and saddled with a mortgage.

    Then there is the fact that as well as paying rent all works must also come out of your pocket.
    But basically I am pissed off because the landlord has the ability to completely fuck you over at many stages and there is nothing you can do about it.

    Say you want to sell and like me you 'own' 50%. The landlord insists that you pay for their person to value the property. If you don't complete in 3 months then you have to repeat this. Then on completion you have to pay them 50% of whichever is higher - the actual sale price or their valuation. There is no disincentive for them to overvalue.

    If you want to buy the other half then, again, you must pay their valuer to do the valuation.
    If you want to extend your lease then, again, you must pay their valuer to do the valuation.
    If you disagree with their valuation then you must pay to appeal.

  • A friend had similar issues. Being a forensic accountant he got revenge by auditing all the service charges and hitting them for a significant chunk of money as the amounts allocated to his building were unfair.

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