Should I sell or risk tenants buying at undervalue price?9:08 AM, 25th September 2019
About 4 weeks ago 48
I own a flat in Torquay (ground floor). Now this is my problem, the roof was letting in water and this was running down the cavity walls. Now the management company finally got someone in to look at the roof, at first it would be £600 per leaseholder because the costs where £6,000 (1/10 because 10 flats in the block).
After further inspection the whole roof needed doing, cost £70,000. So every leaseholder had to pay £7,000 to get the roof fixed. Ok so this was bad enough but we all had to pay.
My problem is that the damage the leaking roof has done to my flat is £2,500 worth, basically all the plaster is damp and has salts coming through. I have actually had quotes of £4,500 + £5,000.
Do I have a leg to stand on if I complain to the management company? I have paid fees of up to £150 per month for 10 years, then I pay for the roof and now I have to pay for the damage caused by the roof. I feel like they haven’t done their job that we pay a lot of money annually for and they have no insurance for this damage. My tenants contents insurance doesn’t cover a leaking roof!
Anyone been in a similar situation? Any advice?
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