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  • Share of freehold, what should I be looking out for, asking questions about?

  • A few years worth of the accounts of the shared freehold. That should show the contributions the various flats/properties make and the outgoings (buildings insurance, common area upkeep, tree maintenance, etc).

    Is it a few properties/flats or lots? (I'm in a share of freehold with two other flats. We pay enough a month to cover the annual buildings insurance and also accrue a small fund to cover unexpected costs - had lots of the building repointed the other year and most of it was covered by what was already in the fund.)

    Any major works that had to be performed in the last n years. Any outstanding items that may need to be actioned in the future.

  • What is it in terms of size? A house split into a couple of flats or a block of flats with a freehold company and the like?

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