Maintenance and Shared OwnershipMake Text Bigger
There are 4 apartments in the unit. The 4 owners bought the freehold so that they could control maintenance and costs. One of the owners is questioning who has the right to suggest what remedial work is required, and who should be responsible for payment. His view appears to be that no work should be undertaken without consulting him and his agreement.
There is no agreement as to voting issues, majorities etc. Currently we do not pay anything into an account for any such future expense. There is no contingency for future repair work and maintenance. You could say it’s an ad hoc arrangement!
Prior to buying the freehold the 4 owners signed a lease agreement with a bank, who owned the property after foreclosing on a builder. Is that lease still valid? Do the terms of services and maintenance still apply?
How do we go about discussing and agreeing what work should be done? Can any work be undertaken, paid for, and then request/enforce payment?
Not ideal I know, but I would think there must be some sort of “joint and several” liability.
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.