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just that leasehold is a PITA, buyers had questions only the freeholder can answer, each reply took weeks, or only for another question to be asked of the response. painful.
also, not applicable to you, but while ex LA flats have some upsides IMO a whole wad of downsides too, which Howard had also warned me about 😂
TLDR im just glad i dont have to think about it anymore
rogan
mustardbeak
@rogan
Please can you share the advice? I am buying 1 of 5 flats in a Bristol victorian building. Freehold is owned by a random guy down the street, management of the building is run by the residents. 2 main concerns so far are 1) diddly squat in the sinking fund 2) what if 1/5 of the flats didn't want to pay for something e.g. new roof. Don't think there is a contract on how decisions are made.