Ahaha

[AtW]

Landlord that put flats for sale at £290k now dropped to £275k

I might buy when it gets to £205k which was offered to me in 2011 and then they pulled from sale at the last minute

[MicrosoftBob]

I thought this was going to be about Alan Partridges new series of Mid Morning Matters

[NibblyPig]

I'll never trust buying a flat after a mate of mine had to suddenly pay 8000 quid to have the building roof redone 6 months after he moved in.

He demanded to see invoices and stuff to justify the cost, they showed him an invoice for scaffolding that had been just left there accruing cost while no-one worked on it, as well as other dubious charges.

Presumably the management company hiring their mate to do the work while gouging the residents.

He argued some of the money back but not much. None of the other residents kicked up a fuss, they just paid.

Tidy earner for someone. Not for me though. Freehold or nothing.

[AtW]

None of the other residents kicked up a fuss, they just paid.

The real problems start when residents start kicking the fuss and refusing to pay for essential work...

[OwlHoot]

The real problems start when residents start kicking the fuss and refusing to pay for essential work...

This is true, because then the building deteriorates and offers (if any) made by potential buyers are based on the asking or notional price less their share of the ever increasing amount that would need paying to renovate the building.

[NibblyPig]

The real problems start when residents start kicking the fuss and refusing to pay for essential work...

I wouldn't have thought it'd be possible to get out of paying, it looks to me like it'd be an open/shut case if someone did this when there's an agreement in place.

[OwlHoot]

I wouldn't have thought it'd be possible to get out of paying, it looks to me like it'd be an open/shut case if someone did this when there's an agreement in place.

If they are joint freeholders, presumably it takes only a majority vote.

although I suppose even then the other freeholders, with their leasehold hats on, could contest the decision and even sue the freehold company on the grounds it breaches their leases. Must be sort of weird though in that event, feeling that you as a lessee are partly suing yourself as one of the joint freeholders

[AtW]

I wouldn't have thought it'd be possible to get out of paying, it looks to me like it'd be an open/shut case if someone did this when there's an agreement in place.

And what if they can't afford to pay for whatever reason - are you going to evict them from flat to get it on the cheap??

[NibblyPig]

And what if they can't afford to pay for whatever reason - are you going to evict them from flat to get it on the cheap??

Small claims innit, if they still don't pay you can apply to have baliffs come round and take their flat screen etc.

Another reason to avoid flats imo but if you do go the flat route hopefully the other people in adjoining flats won't be council scrougers and will pay up if required...

[BrilloPad]

So that is a one day 5% drop. And it applies to every property in the country. So in 20 days we are going to be stuffed....