major works bill impending

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    major works bill impending

    Some advice appreciated, have not been in this position of selling before:

    I'm selling a property as a leaseholder in a block owned by local authority.

    Some major works (cladding, new lifts etc) were completed about 2 years ago. We leaseholders have not been billed for this as yet. The exact amount is still being argued over, with some leaseholders contesting that the proposed bill is too high.

    Do I legally HAVE to declare the buyer will be in for a big bill in next year or two?

    Or is it up to the buyer's solicitors to do checks and searches to find this out?

    thanks !

    Yes, you must. If the lease is dated post 1.1.1996, you have to pay it regardless, unless they agree to pick it up.
    Based on the information posted, I offer my thoughts.Any action you then take is your liability. While commending individual effort, there is no substitute for a thorough review of documents and facts by paid for professional advisers.


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