Leasehold (LH) & Share Freehold (SFH) Property Survey
With leasehold and shared freehold flats or maisonettes you will often have some responsibility for maintaining and repairing parts of the building other than the flat itself.
It is therefore essential that you carry out an appropriately thorough property survey so you are fully aware of any likely maintenance or repairs that may be required during your lease.
It’s quite usual to find that the freeholder(s) will divide repair costs equally between all the dwellings in the building. This will happen whatever kind of work is done, and you will still be responsible wherever your flat or maisonette happens to be in the building. For example, you may have a ground floor flat in a three-storey building, but you will still be required to contribute to roof repairs. A Full Building Survey covering the general condition of the whole block, will help you to discover whether any such repairs seem likely in the near future.
If you are looking to buy a leasehold or shared freehold property you need a property survey which will tell you about:
- your obligations for repair and maintenance of the property as a whole
- your responsibility, as a leaseholder, to the freeholder and
- your obligations to pay for any work on the property carried out by the freeholder.
Note: Be sure to talk through your contract in detail with a qualified solicitor before you make a decision to buy.
Click here to enquire about a leasehold or share freehold property survey, or call us on 01473 623 656 or freephone 0800 652 8285.