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Freehold flat with a lease ground floor flat

I am looking at a flat that is listed as freehold. The details state that the flat is freehold subject to a lease of a ground floor flat which the owner pays a peppercorn rent. Does this mean I would be responsible for the maintenance of the building as a freeholder and all the associated costs? I have not come across this situation before and would like to know if it is common or if there are pitfalls with this arrangement, would it be difficult to sell on?

Asked on Jan 13 2014, General in Bournemouth | Report content

Answers (1)

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  • There is not enough detail here so I am guessing. If the ground floor is not the flat you are interested in it could be that the whole house is freehold except for the ground-floor. In which case as landlord of the ground floor flat you would usually have responsibilities for maintenance. But the whole point of a lease is to bind the leaseholder to an obligation to pay a share of maintenance etc. You need to look at the terms of the lease, which I would expect to set out provisions for payment of service charges.

    Answered on Jan 14 2014, Report content

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