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?
Didn't find what you were looking for? Ask a question