Got purchase contract for flat

[AtW]

The lease agreement makes me Tenant with some Landlord still on top

[DimPrawn]

The lease agreement makes me Tenant with some Landlord still on top

Here's a flat warming present from your ole mate Prawny.

[RetSet]

The lease agreement makes me Tenant with some Landlord still on top

That's how flats work.

How come you didn't know that already?

Oh, and how long do you have left on the lease?

[sasguru]

The lease agreement makes me Tenant with some Landlord still on top

Why on earth are you buying a leasehold property?
In a couple of years you'll be on here saying how they've doubled the service charge

[jamesbrown]

Flats in large blocks are almost always leasehold. Odd that you wouldn't know this as a prospective purchaser, even more odd that you wouldn't know before this stage

[FatLazyContractor]

The lease agreement makes me Tenant with some Landlord still on top

Is the landlord Russian?

[AtW]

Flats in large blocks are almost always leasehold. Odd that you wouldn't know this as a prospective purchaser, even more odd that you wouldn't know before this stage

Yeah I knew, just did not expect the language and text to be so close to tenant/landlord

The good news is that the freehold will be passed to new management company where I get a share, so I'll be 1/8th landlord

[AtW]

Oh, and how long do you have left on the lease?

Should be around 999 years lease, though starting date isn't confirmed yet.

Could be 1017 ac

[AtW]

Why on earth are you buying a leasehold property?
In a couple of years you'll be on here saying how they've doubled the service charge

Gotto start somewhere

[AtW]

Oh dear...

Property service charges soar to average £2,777 per year for new-builds | Money | The Guardian