Shelter’s Income and expenditure figures highlighted13:57 PM, 4th February 2019
About 2 weeks ago 35
I bought 3 apartments off an estate agent who personally owned them himself. He needed to sell to stave off bankruptcy FYI.
I own all the apartments above his agency, there are only 3.
I have a lease with him for 99 years with 97 outstanding.
The lease states regarding repairs that we must “pay a fair and reasonable contribution” towards repairs, those exact words.
So, 2 issues. The landlord is insisting we pay 60% of all repairs as he states our 3 flats cover 60% of the space in the building. I think it’s unfair as he owns the property and he benefits more than we do on resale and value.. or am I wrong? Is a 60% contribution fair and legal? There is no % stated in ANY of the 3 contracts, only the words ‘ fair and reasonable contribution’
Secondly. the roof is leaking very very badly. the repair cost is £7500, he wants us to pay 60%, BUT as he is currently buying some new properties and renovating his other BTL properties (his words not mine) he wants us to pay and he will give it back to us when he can. I’m unsure how to tell him where to go and to justify why we won’t, any opinions?? Surely he has an obligation to get the roof repaired as my tenants have said they will move out of the apartment soon as its wet.. not sure how to play this one….??
He states his insurance cover doesn’t cover leaking roofs ! then what the point of buildings cover then??
ANY opinions would be greatly appreciated
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