14:18 PM, 25th May 2017, About 7 years ago 8
I will hopefully shortly be in the position of buying the freehold to my upstairs flat and the one underneath it which comprise the two properties in a converted house. Crucially this will be so that I can extend the lease which is now down to around a 70 year term however, can I also change other terms within the lease once I am the Freeholder?
For example, and extremely unusually, each flat is responsible for arranging its own buildings insurance. Additionally, I, as the owner of the upstairs flat am solely responsible for the maintenance and upkeep of the roof and top half of the exterior of the property whilst the downstairs flat is solely responsible for the downstairs exterior.
Fortunately this has worked to, date but could be fraught with all manner of issues if one party decides to ignore their responsibilities, therefore once I own the Freehold is there anything to stop me from rewriting the Lease to a more traditional one where the Freeholder arranges insurance and exterior maintenance?
Just to clarify I own the upstairs flat but I do not own the downstairs flat.