Hi,
I am a landlord of a flat in a block of 12 and my tenant is causing anti social issues for the rest of the block of flats. I have asked the tenant to stop the anti social behaviour but so far nothing has changed.
The Management company for the block of flats has threatened me with forfieture of my ground lease if the issue doesnt get resolved soon, either by the tenant leaving or by stopping the anti-social behaviour.
I have two questions, what does this actually mean? As i own the property with a mortgage, what would be the consequences of them taking the lease back? Secondly, to confuse the issue, myself and several other owners of flats in the block purchased the lease hold of the flats when the previous owner had financial problems, so as part owner of the lease can they actually take it away from me?
I hope to resolve this WAY before they do try to take the lease off me but i would just like to know what im being threatened with to cover all bases.
Regards
I am a landlord of a flat in a block of 12 and my tenant is causing anti social issues for the rest of the block of flats. I have asked the tenant to stop the anti social behaviour but so far nothing has changed.
The Management company for the block of flats has threatened me with forfieture of my ground lease if the issue doesnt get resolved soon, either by the tenant leaving or by stopping the anti-social behaviour.
I have two questions, what does this actually mean? As i own the property with a mortgage, what would be the consequences of them taking the lease back? Secondly, to confuse the issue, myself and several other owners of flats in the block purchased the lease hold of the flats when the previous owner had financial problems, so as part owner of the lease can they actually take it away from me?
I hope to resolve this WAY before they do try to take the lease off me but i would just like to know what im being threatened with to cover all bases.
Regards
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