You are reading a single comment by @NickCJ and its replies.
Click here to read the full conversation.
-
The risk is that they install their own management company and jack up the service charges or use their own contractors to carry out overpriced Section 20 major works. Lease term and ground rent should be fixed unless you breach the terms of the lease. I'm not sure whether they can adjust other fees they might charge you (i.e. when you have work done yourself or transfer the lease)
NickCJ
I'm a leaseholder. The freeholder has just served me (and the other occupied flat) with a section 5a notification that they intend to sell the freehold.
I guess this is the right of first refusal, but it looks as if its the right of first refusal in buying the whole building.
Do I have the right to buy my share, or is it all or nothing?
What are the pitfalls?
If someone else buys, can they change my leasehold or get me out somehow?
Anyone got a spare £750K?