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Brilliant, just as I'm thinking of selling my flat a Section 20 notice for £16K drops through the letterbox.
Unfortunate timing. Assume there's no sinking fund?
Two strategies -
Be up front about at after an offer is submitted. You'll probably pay some, if not most of it. Or you could try refusing to negotiate, depending on the quality of the offer vs. asking and how much interest you are getting. If there are three other buyers in the queue then you can be demanding, if you have one interested party then less so, obvs.
Wait until buyers' solicitors find out about it, feign ignorance, refuse to negotiate. Depending on how much the buyer wants the place, you might dodge some or all of it, but you'd be a bit of a cunt.
Howard-
It's Hackney homes so no sinking fund and the added factor of not fully trusting that due process has been followed. They paid 20k to a contractor to fix a leaking landing that now becomes a massive paddling pool whenever it rains.
I definitely won't be hiding it from any potential buyers but a 50/50 split would be a lot easier to take.
cjr
Brilliant, just as I'm thinking of selling my flat a Section 20 notice for £16K drops through the letterbox. Is there any precedent for splitting the costs with a purchaser since I won't see any of the benefits or do I just have to suck it up and hope I get a high price for the flat?
At what stage do you mention a section 20 to potential buyers?