Craggsy2
Well-known member
I am the leaseholder of a flat in London that I have been told will need all the cladding replacing at huge expense, probably in the millions! We've just been issued with a Section 20 notice by the Management agent of the building. I'm told that the current government legislation means that the leaseholders will need to foot the majority of the bill with some grant assistance from the government. Considering there are only 49 flats in the 12 storey tower it is a massive worry since the likely bill per leaseholder will be in the tens of thousands unless we can get further outside financial assistance. What about the freeholder and the developer? it seems that they get away with paying nothing, grossly unfair considering this was not any of the leaseholders making. The government have a lot to answer for in dropping us into the brown stuff at a massive height. Definitely not what I need when I'm also facing redundancy from my current job.
Is anybody in a similar situation and if so how are you handling it, would really appreciate any advice?
Thanks
Is anybody in a similar situation and if so how are you handling it, would really appreciate any advice?
Thanks