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Showing results for tags 'management company'.
Hello All, I have a question with regards to a Flat that I have just bought and I want to carry out a full refurb of the property as it is a bit dated and I want to make it more to my taste. The property is on an upper ground floor level of a Victorian conversion with 1 flat below me and 3 others above me. The legal structure is as follows: 1. This is a share of freehold property 2. A management company has been put in place by the Freehold company to manage the building 3. There is a lease between the management company and the freehold compa
I’m looking to buy a flat which has been converted from a house. The developer split a house into four separate flats. When he’s sold them all the four flats would become the management company. Anyone have any experience of this or advice? I’m just slightly concerned about getting into business with three other parties who I don’t know at all. Any advice welcome!
Are management companies regulated and is there anything you can do if one is misbehaving? A friend of mine is thinking of selling his London flat near Shorditch and it might be a good opportunity for me. I used to live with him so know the property's pros and cons, he bought it off-plan and has lived there about 10 years before renting it for about 2 years. Its worth in the region of £550k which is double what he paid, its recent value has dropped post brexit He's had a lot of problem with the management company which would be the biggest con, I've not gone into t