14:18 PM, 25th May 2017, About 4 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.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Advice and implementation provided by a practising Barrister-At-Law with £10,000,000 of Professional Indemnity InsuranceBook Now
|“Account”||means an account required to access and/or use certain areas and features of Our Site;|
|“Cookie”||means a small text file placed on your computer or device by Our Site when you visit certain parts of Our Site and/or when you use certain features of Our Site. Details of the Cookies used by Our Site are set out in section 13, below;|
|“Cookie Law”||means the relevant parts of the Privacy and Electronic Communications (EC Directive) Regulations 2003;|
|“personal data”||means any and all data that relates to an identifiable person who can be directly or indirectly identified from that data. In this case, it means personal data that you give to Us via Our Site. This definition shall, where applicable, incorporate the definitions provided in the EU Regulation 2016/679 – the General Data Protection Regulation (“GDPR”); and|
|“We/Us/Our”||Means Property118 Ltd , a limited company registered in England under company number 10295964, whose registered address is 1st Floor, Woburn House, 84 St Benedicts Street, Norwich, NR2 4AB.|
|Name of Cookie||Purpose||Strictly Necessary|
|JSESSIONID||Used only to collect performance data, with any identifiable data obfuscated||No|
|__cfduid||This cookie is strictly necessary for Cloudflare's security features and cannot be turned off.||Yes|
|Name of Cookie||First / Third Party||Provider||Purpose|
|__utma, __utmb, __utmc, __utmt, __utmz||First||Helps to understand how their visitors engage with our website|
|_fbp||First||Helps to understand how their visitors engage with our website|