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So basically because our works havent been costed yet, they can say this?
We havent had a money conversation with the vendor yet (solicitors...) this is from the latest council leaseholder document.
rogan-
So basically because our works havent been costed yet, they can say this?
Yes - because the question they are answering is 'have any section 20 notices been served?', not 'are there plans brewing to do something that will probably require section 20 notices?'.
Section 20 notices do not require an estimate until they reach a certain stage. They just need to be sure the work they related to will be spendy.
Thinking about it, you may view this situation as a positive. It's unusual to get longer term visibility of this stuff, and it gives you a truly valid point on which to negotiate a discount. You can use the lack of a reserve fund, I assume, to further drive home the point that the current owner should pay something towards the upkeep of the communal and structural bits, even if they were lucky enough to have dodged the bullet whilst they lived there.
Howard
The freeholder hasn't issued any formal notices to the leaseholder informing them of forthcoming maintenance or improvement works for which the leaseholder will have to pay more than £250. There are no maintenance or improvement works in progress for which you might get invoiced should you buy the place tomorrow.
I assume they won't negotiate.
Out of interest is there a reserve fund?