Who pays? And when the building itself is nearing end of life how does that get handled? I think the leasehold system we have is dreadful, I just don't understand how the replacement works.
Not sure about end of life, but if the property is sold to a developer there would have to be some kind of consensus to do so or to demolish. The costs and revenue shared between them all
Which mostly makes the local authority the defacto leasehold owner in ex-council properties I guess. They'd have the deciding say unless more than half were sold off with a consensus among the owners.
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