Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I live in a property in Hove, East Sussex of 6 flats as part of Victorian building.
I am very stressed with the problems of the flat and need some external advice on the matter.
Here are some of the facts
5 of the flats are share of freehold , 1 is just a leaseholder.
Due to disagreements over the years we have finally got ourselves a managing agent as we were not able to sort out repairs between us.
We have a person on the top floor who is not paying service charge or anything towards repairs – we have instructed a solicitor in this regard and we are awaiting a court date . the top floor is disputing the quality of the work which we have paid for and refuses to co-operate.
We have another person who has decided not to pay anything nor the service charge towards the repairs.
We have a person who owes service charge from previous years, but is now paying the monthly service fee, but is not paying the additional costs of running the building – it is not enough to keep the building running and recently there was a shortfall in the insurance payments which I ended up paying for!
That leaves 3 of us out of 6 in the block pretty much paying for everything and we are running out of money with the legal costs before we even get to court!
it’s a nightmare
Can anyone help me please
I cannot see an answer to this problem nor a way out!
Please Log-In OR Become a member to reply to comments or subscribe to new comment notifications.
Our mission is to facilitate the sharing of best practice amongst UK landlords, tenants and letting agentsLearn More