Hello,
The context is a concerted house where leaseholders own the freehold.
The service charge is split by percentage of expenditure / costs.
One leaseholder is now going to alter his property and build a significant extension. This will cause a jump in the building insurance and an extra maintenance liability on what is being built.
I wonder if we should make the new extensions the sole responsibility of the flat / leaseholder (but this would not solve the insurance increase) or whether the percentages should change to cover the extra maintenance costs. Has anyone had any experience of dealing with this?
Thanks
The context is a concerted house where leaseholders own the freehold.
The service charge is split by percentage of expenditure / costs.
One leaseholder is now going to alter his property and build a significant extension. This will cause a jump in the building insurance and an extra maintenance liability on what is being built.
I wonder if we should make the new extensions the sole responsibility of the flat / leaseholder (but this would not solve the insurance increase) or whether the percentages should change to cover the extra maintenance costs. Has anyone had any experience of dealing with this?
Thanks
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